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Iran Agricultural Ministry criticizes buying saffron below-approved price

Business Materials 2 November 2020 12:35 (UTC +04:00)
Iran Agricultural Ministry criticizes buying saffron below-approved price

TEHRAN, Iran, Nov. 2

Trend:

Iranian Deputy Minister of Agriculture Jihad said that buying saffron below the approved price is unfair.

“The Ministry of Agricultural Jihad had entered the saffron market to support the small producers,” Deputy Minister of Agriculture Mohammad Ali Tahmassebi said, Trend reports citing IRNA.

“The pre-purchased price for each kilogram of saffron is approved by $2,619 and 30 percent of the amount will be paid at the time of purchase,” he said.

The Deputy Minister of Agriculture said that 70 percent of the purchased saffron is kept in the warehouse so that the producer can sell it at a higher price during a three months period, otherwise, the Central Organization for Rural Cooperatives (CORC) of Iran will buy the product at the announced price.

"Saffron farmers have not had any demand since last year and have taken all their money."

Regarding the 60 tons of saffron bought by the government last year, Tahmassebi continued that “This amount of saffron belongs to the government and will be exported.”

He went on to say that saffron is cultivated in 26 provinces of the country. The average production price of saffron per kilogram is $2238.

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