35% reduction in Iranian red gold (saffron) exports
The head of the Khorasan Razavi Saffron Exporters Union announced a 35% decrease in saffron exports during
the first 10 months of this year and said: Price fluctuations and non-compliance with obligations in the global market
have made foreign customers reluctant to buy Iranian saffron.
Gholamreza Miri stated:
During the first 10 months of this year, more than 76 tons of saffron worth more than 160 million dollars were exported to 47 countries,
which has decreased by 35.8% compared to the same period last year,
which shows that price fluctuations in the saffron market and that Iranian exporters have failed to meet their obligations,
reducing demand for the product in the global market.
He said that the recession in the world market has also been effective in reducing saffron exports, adding:
Iranian exporters due to lack of liquidity can not supply saffron at a certain price during the period when they have foreign customers,
while Spain They sign one-year contracts with their foreign customers,
as the Spaniards buy and store Iranian saffron in their warehouses upon receiving a 1.5 percent facility,
and can therefore reassure their foreign customers of long-term stability.
The head of the Khorasan Razavi Saffron Exporters Union continued:
Price fluctuations in the saffron market have been unprecedented in recent years,
because now the price of each kilogram of saffron in the domestic market varies from 5 million and 100 thousand tomans to 6 million
and 700 thousand tomans. This product is also sold in the world market, depending on the type and size of packages,
from $ 1,500 to $ 2,300 per kilogram, although in some cases, the price of saffron can be around $ 3,000 per kilogram.
Miri pointed out that Iranian exporters can not provide the required liquidity to stabilize the saffron market with 24% bank facilities, said:
If exporters are provided with cheap facilities instead of these facilities, while providing and storing saffron for their customers.
They can cut off the hands of traders from the market of this product; So that whenever traders enter the market,
exporters can use their reserves to regulate the market.
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