10 to 15% reduction in the price of saffron in the market
Gholamreza Miri, Vice President of the National Saffron Council, announced a 10 to 15 percent reduction in the price of red gold in the market and said: Currently, the minimum price per kilo of saffron is 6 million Tomans and the maximum is 9 million Tomans.
Noting that the saffron market is in recession, he added: Due to the impact of the Corona virus on the cancellation of flights and partial demand in the domestic market, the price of saffron has decreased and we hope this problem will be resolved as soon as possible.
Noting that we do not have exact statistics on saffron exports, Miri said: According to 10-month customs statistics in 1398, red gold exports have decreased by 3% compared to the same period of the previous year, which is predicted due to the Eid holidays and the Corona crisis. The trend of declining exports will continue until the end of April.
The Vice President of the National Saffron Council continued: With the spread of the Corona virus in the world, no country has yet announced that the import of foodstuffs, including saffron, is prohibited, but if requested, only Iranian goods should be quarantined at the source.
The official announced a 10 to 15 percent reduction in the price of saffron and a stagnation in the market for this product, and said: As the corona crisis continues, the downward trend in the price of saffron in the market is expected to continue.
In the end, he clarified about the future of red gold exports: with the spread of Corona virus, lack of demand from foreign traders and cancellation of flights, the price of saffron has decreased to about compared to recent months, which will continue to decline further.
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