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Saffron: uncertain crop outlook causes prices to rise

August 30, 2021 12:24 PM, Der AUDITOR
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TEHRAN. Good export demand and uncertain crop forecasts impact the Iranian saffron market. Prices have been rising steadily for about a month, which is also being felt by foreign buyers despite the favourable exchange rate.

Export prices continue to rise

Over the past four weeks, an upward trend could be observed in the Iranian saffron market, with prices in the domestic market rising significantly. Even the weaker Iranian rial could not counteract this, so that many common varieties have become more expensive. Export prices for Pushal and All Red Sargol have climbed to EUR 453/mt and EUR 476/mt FOB Iran respectively. Only saffron of the Negin variety has become cheaper for buyers from overseas at EUR 561/mt FOB, as prices were stable at origin. Market players do not exp

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