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Saffron: prices up by 20%

November 24, 2021 12:30 PM, Der AUDITOR
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TEHRAN. The Iranian saffron harvest is expected to be completed in four weeks. Unfavourable weather conditions are said to have caused a decline in production this year. This is also reflected in the current price trend.

Crop decline expected

There is still some uncertainty in the Iranian saffron market regarding further developments. The saffron harvest is still in full swing and is expected to be completed by the third week of December. As reported by farmers so far, a drop in production is to be expected due to the drought this year. However, the exact extent will only be known after the harvest is completed.

With part of the crop still to be harvested and lower forecasts, stable demand is currently causing higher prices. In the past two weeks, export price

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