1200 billion market dominated by speculators red gold
The head of Khorasan Razavi Saffron Exporters Association said the ruling saffron number of dealers in the market with sales of 1,200 billion USD of this product to determine the manufacturer and exporter.
GH die in an interview with ISNA, said the saffron producers and exporters due to the lack of liquidity in market volatility can make decisions for their product because the manufacturer is located at this time on the eve of the harvest season and the lack of liquidity and have money to pay workers for the harvest is forced to sell its product to the dealers skirt.
He added that the other exporters who have had to go to dealers to buy the product because of lack of liquidity and inability to manage the market and its price can even plan for the next 10 days and that Iran, in spite of 92 percent of the world’s saffron, any manager can not impose it on the market.
The head of Khorasan Razavi Saffron Exporters Union said saffron dealers over 80 percent of annual sales that even if the value of five million dollars per kilogram of saffron purchased by them calculate, capital of 1200 million dollars in the hands of speculators is that does not meet the regulatory agencies do not pay taxes.
Miri said with regard to this situation, we proposed partnership with the Governor, the Agriculture, Industry, Mine and Trade and provincial organizations related to the production and export of saffron and we have formed a committee to give credit to the committee by Buy saffron, market the product in the interest of producers, exporters and national interests managed.
He added that the other exporters who have had to go to dealers to buy the product because of lack of liquidity and inability to manage the market and its price can even plan for the next 10 days and that Iran, in spite of 92 percent of the world’s saffron, any manager can not impose it on the market.
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