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Saffron: traders ruin market for themselves

April 22, 2021 at 1:06 PM, Der AUDITOR
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TEHRAN. While saffron exports are up on last year, suppliers in Iran have little cause to celebrate. Issue is not only that export prices have slumped but that traders mainly have themselves to blame.

Sharp decline in average export prices

Good news is that exports are up 16.8% in terms of volume on 2019/2020 as the recently issued figures for the twelve-month period of 20 March 2020 to 20 March 2021 show. Bad news, however, is that they are 35.1% down in terms of value. While Iran shipped 276,253 kg of saffron worth USD 292.207 million between 20 March 2019 and 20 March 2020, total exports ranged at 322,722 kg worth USD 189,623 million in the same period in 2020/2021. The slump in average export prices is even more drastic. While average export prices still rang

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