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Saffron: sharp decline in export value

January 19, 2022 at 11:03 AM, Der AUDITOR
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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

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