Factor was the rising cost of saffron

Factor was the rising cost of saffron

The head of Khorasan Razavi Saffron Exporters Association said the price increase when saffron harvest season is not over yet, is illogical.

GH die in an interview with Iranian Students News Agency (ISNA), Khorasan region, said the rising cost of saffron certainly do not have to reduce the product on the market because exporters have not yet begun to purchase and blamed the recent volatility, speculators.

He added that only the supply and demand determine the price of saffron in the market and now the market is unpredictable.

Miri said, should not, of course, the harvest season due to lower product prices rise because there are still plenty of new products to market and what is sold is also a product of the past years.

The head of Khorasan Razavi Saffron Exporters Association pointed out that dealers are always disruptive market, said an increase of more than 800 dollars saffron from Thursday to Saturday this week only because the destructive activities of speculators.

He said rumor mongers with a sharp decline in production, the price per kilo of dry saffron to 4 million 800 thousand dollars raised but yesterday the price of saffron has decreased to 4 million 600 thousand 100 dollars reached.

Miri In response to the question of why the attempt to regulate the market and stabilize prices, the administrators would not be represented: Set the saffron market with empty hands and not be just words.

He added that the creation of saffron has been proposed to regulate the market, but so far nothing has been done to implement it.

The head of Khorasan Razavi Saffron Exporters Association, referring to the plan saffron Bank said that the bank will be established when, saffron Peer purchase price and gradually along with the benefit to the exporter sold, thereby reducing time to market. the product can be stored, the bank injected to the market, but now there is no bank reserves.