Spices

Saffron: slump in exports not a problem

September 28, 2022 at 12:04 PM, Der AUDITOR
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TEHRAN. Although Iran’s saffron exports slumped between January and August, suppliers are not necessarily sad about this.

Exporters still lose out

Issue is the discrepancy between volume and value. While the export volumes has declined sharply by 43% to 103,942 kg, the export value has by contrast risen by 18% to USD 106 million between January and August as compared with the 182,405 kg of saffron worth USD 90 million exported in the same period last year. Average export prices have, in fact, more than doubled from USD 494 in 2021 to USD 1,121 in 2022 driven by last year’s decline in production and the rise in world market prices.

Sore point for suppliers, however, is the

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