The main cause of price volatility arbitrage and abundant supply of saffron

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Saffron Saffron Retailers’ Association chairman said, referring to price fluctuations brokering and abundant supply due to fluctuations in the market price of saffron.

Gholam Reza Miri in an interview with ISNA, in relation to the situation said the price of saffron: Saffron price per kilo is at least 5 million and up to 6 million two hundred dollars.
He pointed out that saffron Once purchased, processed and packaged, as follows: export price if purchased in this way, usually from 1,300 to 2,000 dollars.
President of the Union of Saffron vendors on the difference of prices of the imported product, he said, the maximum difference in major markets inside and outside Iran, there are 30 to 50 dollars.
He pointed out that there are fluctuations in the price of saffron, he said, because of supply and demand. When supply is high, the demand will be less, or vice versa, as well as speculators entering the market saffron from farmers and keep it in their homes, creating a false market when money is over, the market retreated and fell.

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President of the Union of Saffron vendors on the difference of prices of the imported product, he said, the maximum difference in major markets inside and outside Iran, there are 30 to 50 dollars.