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