50% increase in the price of saffron

The head of Khorasan Razavi Saffron Exporters Association, said:
50% increase in the price of saffron

The head of Khorasan Razavi Saffron Exporters Association announced 50% increase in the price of saffron.

GH die in an interview with Iranian Students News Agency Economy (ISNA) – Khorasan region, referring to the 50% increase in the price of saffron during the last two months, he said: Unfortunately, this price increase is a decrease in exports and a slump in the domestic market.

He continued: speculators are the main cause of rising prices for Saffron to create an atmosphere that product shortage and drought next year, cause this situation, and in this way they earn a good income.

The head of Khorasan Razavi Saffron Exporters Union stressed that the 50% increase in price compared with an increase of two percent of the price of saffron in countries that target market saffron exports make up a significant percentage, said: The difference in the prices resulted in a significant reduction issued.

Miri said that saffron is also used as a pharmaceutical product, said saffron is still not widely used for this purpose.

He pointed out that among some families of saffron has been used as a luxury item and it is natural that this view leads to increases in the price of the product, buy it ignores and thus less saffron purchased.

This year 33 percent decline in exports compared to last year we faced.

Regarding the guidelines for the management of the crisis and control the rising cost of saffron, noted: cutting off the hands of speculators from buying and selling this product is the most effective way to improve the market situation.

The head of Khorasan Razavi Saffron Exporters Association, said some people who regulate the purchase and sale of the product concerned have been identified by the Ministry of Finance and leisure over work is monitored.

He continued: Unfortunately brokers who buy different products and storing them in order on the market, they are not yet known and therefore legal persons can not be an effective step their market, and sometimes the closure of the units are control.

Miri pointed out that Iran saffron exports as a national product ranks first with $ 300 million annually to exchange technology, said in the production of 800 thousand, 130 thousand families are working, in fact, due to the water situation aerial and other activities are not able to make a living from them.

His support, attention and calls for government investment in saffron industry and continued to prevent fluctuations in the market price of saffron and prevent speculators maneuver, the government should invest in this sector and capital put at the disposal of exporters and producers.

Miri said between 20 and 25 percent of saffron production in the country of consumption and the rest in 5 continents and over 48 countries among which are exported to the United States, Spain, China, Saudi Arabia and India’s largest export.