Spices

Saffron: sharp decline in export value

January 19, 2022 11:03 AM, Der AUDITOR
Play report as audio

TEHRAN. Iran’s export figures for 2021 show that demand for saffron is relatively firm but that prices have basically collapsed. Exports have also shifted in terms of packaging. Traders, in addition, report that prices have reached a turning point.

Traders forced to ship in bulk

While exports are relatively firm in terms of volume, they have declined sharply in terms of value. Iran exported a total of 303,450 kg of saffron in 2021, which is only nominally down on the 314,943 kg exported in 2020. The export value has, however, slumped by 35.7%. While exports generated a value of USD 235.702 million in 2020, the figure only reached USD 151.659 million in 2021. Average export prices also declined by 33% last year.

Packaging has also shifted. While overseas buyers purchased 154,462 kg of saffron in retail

View related articles

Go to the News Overview
Spices
Jun 24, 2022
GUJARAT. Weekly monitoring with the latest market information from India on cumin, coriander and turmeric, chilli, black pepper and cardamom as well as a price list for more than 70 products.
Spices
Jun 20, 2022
TEHRAN. While the prices for saffron have nearly doubled on last year, exports have slumped between January and May as last year’s summer drought is taking its toll on the market. The export prices for Iranian saffron have finally started to shift.
Spices
Jun 17, 2022
GUJARAT. Weekly monitoring with the latest market information from India on cumin, coriander and turmeric, chilli, black pepper and cardamom as well as a price list for more than 70 products.
Spices
Jun 7, 2022
FERDOWS. Although farmers report that the green cumin harvest is making good progress in Ferdows County in Iran’s South Khorasan Province, it is far from certain if sufficient supplies will be available for export.