Spices

Saffron: suppliers face backlash

May 10, 2022 10:21 AM, Der AUDITOR
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TEHRAN. Traders are warning that nothing less than Iran’s position as leading saffron supplier is at stake. Trouble is that the county gained this position with cheap prices and suppliers are now facing a backlash as it is impossible for them to demand more sustainable prices.

Vicious circle

Iran accounts for 95% of global production, which usually exceeds 300 mt per year. Spain, however, exports far more than Iran. Annual exports from Spain range at 398 mt, although the country only produces around 2.3 mt of saffron per year. Iran’s annual exports range at a lower 315 mt. Issue is that suppliers in Spain tend to buy cheap raw saffron in high quality in Iran and then rebrand and sell it.

As farmers are no longer able to maintain the cheap rates the market has become accustomed to Iran’s exporters have tried to sell the

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