Saffron sales in Iranian market decrease
Baku, Azerbaijan, Oct. 12
By Elnur Baghishov - Trend:
The cost of saffron sold in the Iranian market for 25,000-30,000 tomans per mithqal (unit of mass equal to 4.5 grams) has reached approximately 60,000 tomans, and this reduced saffron sales in the domestic market by 60 percent, Deputy Head of Iran’s National Saffron Council Gholamreza Miri said, Tasnim News Agency reported.
He said that the saffron market is currently in stagnation. The situation is not favorable for exports or domestic production, he added.
“Devaluation also aggravated the situation,” he noted. “The government estimated the main price of 1 kg saffron at $1,450. However, a buyer pays $700-$1,000 for 1 kg. Exports of this product have also faced a problem.”
“Presently, saffron costs very cheap for foreign buyers,” he added. “That’s why this product is in great demand.”