Continuation of the supply of Iranian red gold in the silver hall
After several months of absence of saffron supply in the Iran Commodity Exchange, the supply of this product has resumed in recent days and so far two kilograms of it have been traded.
Saffron, which has long been considered one of the most important non-oil exports of our country, despite high income and currency appreciation, has not been considered enough by the authorities so that we as the main producer of this valuable product can be the first in the world. Thus, the 50-year-old saffron market is still traditionally offered in the domestic market and most exports are done in bulk. Meanwhile, considering the supply and trading of saffron in the Iranian Commodity Exchange, experts believe that the need for standard goods to be offered in the exchange and also the possibility of exporting products from the Commodity Exchange, can end the problems of the market and saffron exports. According to these experts, improper packaging and bulk exports are the two main problems of saffron exports, which can be solved with the domestic and export supply of saffron in the commodity exchange if supported by the relevant authorities.
In this regard, a supplier of saffron in the Iranian Commodity Exchange said: Since saffron is a strategic commodity and has a high exchange rate for our country, it must have a clear and legal structure for domestic and export sales so that intermediaries can not market this product. Take valuable.
Hossein Rahiminejad, stating that the supply of saffron in the internal hall of the Iran Commodity Exchange continues, added: One of the plans of the Commodity Exchange is to launch a saffron futures contract, which seems to be if this contract after the prosperity of saffron trading in the stock exchange and proper discovery. The daily price is created, it will be better and more efficient.
According to him, saffron, because it is valuable and its price is affected by various parameters, it is better to continue offering it on the commodity exchange for 6 months so that buyers and sellers can obtain analysis related to recognition in transactions. And after that, saffron futures contracts should be launched in the stock market with sufficient knowledge of the market participants of this product.
In the end, Rahimi Nejad said: On the way to the future market, we ask the Iran Commodity Exchange to provide appropriate platforms, including familiarity and trust between the buyer and seller.
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