Iran’s saffron exports surpass $107 million

Business Materials 2 September 2012 13:01 (UTC +04:00)
Iran’s saffron exports surpass $107 million.

Azerbaijan, Baku, Sep.2 /Trend, F.Milad/

Iran exported over $107 million worth of saffron during the first four months of the current Iranian year, which began on March 20, ISNA reported.

The exports showed 2.3 percent decline compared with the same period last year.

The UAE, Spain, China and Saudi Arabia were the major markets for Iranian saffron.

Iran's saffron output is forecasted to hit 250 tons by the end of the current year, showing 40 tons rise compared to the year before, the head of the association of saffron farmers of South Khorasan Province said in May.

Last year, over 130 tons of saffron produce was exported, which was 47 percent more than the figure in its preceding year, Ali Hosseini added.

He put the domestic consumption of saffron at 40 tons approximately.

The Iranian administration has developed a plan for raising the annual saffron output to 500 tons by 2021, according to the Fars news agency.

The plan has envisaged boosting the saffron output to 500 tons in 2021 and boosting exports to over $1 billion.

Iran accounts for around 96 percent of the world's total saffron production. The country exports saffron to 46 countries including European and the Persian Gulf countries.

Due to its diverse climate and fertile soil, Iran's agriculture products are rated among the best in the world with its saffron standing second to none.

Around 300 tons of saffron, which is a spice derived from the flower of the saffron crocus, are produced worldwide each year, with Iran, Spain, India, Greece, Azerbaijan, Morocco and Italy accounting for the largest shares, according to Press TV.