Iran’s saffron output to rise by 10% this year – Official (Exclusive)

Tehran, Iran, June 2

By Kamyar Eghbalnejad - Trend:

A member of Iran’s Saffron National Council said the country’s saffron output in the current Iranian calendar year (began on March 21, 2018) will increase by 10 percent.

Iran plans to increase its saffron production by 10 percent this year, Ali Hosseini told the Trend news agency on June 2.

Rejecting speculations that Iran has reduced its saffron production, he added that the rise would lead to the rise of the red gold’s export.

“Last year, we produced 350 tons of saffron, from which 200 tons were exported,” Hosseini said, adding that Spain and the UAE are among Iran’s main export destinations.

We will continue to maintain our strong presence in the global market as a major exporter that can control global prices, he said.

Hosseini further strongly condemned those traders who take saffron to Afghanistan and said, “This is so sad that some take Iran’s unique saffron to Afghanistan and later exports it to India using zero percent tariffs”.

Elsewhere in the interview, Hossein referred to the country’s exports system under new measures to control the price of foreign exchanges and said the new monetary policies are helping address previous problems.

He also called on the government to provide businesspeople and manufacturing units with sufficient foreign exchange.

On April 9, Iran unified the country’s official and open market exchange rates after its currency, the rial, plunged to an all-time low on concerns over a return of crippling sanctions.

The US dollar jumped in a day from 54,700 rials to 60,000 rials in the open market in Tehran at the time. A dollar was worth 36,000 rials in mid-September.

After an emergency cabinet meeting, Iran’s First Vice President Eshaq Jahangiri was quoted by the state media as saying that from April 10 the price of the dollar would be 42,000 rials in both markets, and for all business activities.

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