The purpose of Iran’s saffron stock exchange
Director of the Jihad Agricultural Market Organization, Kharazan Sarazavi said: “The main goal of launching a saffron stock is to create transparency in the price of this product at the market level.
Seyyed Hamidreza Javadi, in a conversation with the Tasnsim correspondent in the holy city of Mashhad, said: Khorasan Razavi is the hub of saffron production in the country, and the rural cooperative union has been planning to build a saffron stock exchange some time ago.
He added: “Since the previous years, the mechanism of guaranteeing the purchase of saffron was intended to prevent farmers from engaging in brokers, and it was planned to launch a saffron bouillon.
The director of the Khorasan Razavi Agricultural Jihad-e-Agriculture Market said that buying and selling is not strictly necessary on saffron bursts, said the mechanism contributes to the transparency of prices and prompts the removal of opportunists from this field.
Javadi added: “Launching this system will stabilize the market and fix the price of saffron based on the mechanisms intended for the stock exchange.
He noted that there were warehouses and infrastructure needed for the saffron boulevard in Khorasan Razavi, and it is hoped that the opening of the center would be of great help to those involved in this area.
source: tasnimnews /com
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