Does the commodity exchange turn red gold?

Does the commodity exchange turn red gold?

The horticultural director of the Khorasan Razavi Agricultural Jihad Organization said: National and international saffron transactions should be done through the Iran Commodity Exchange.

Mohammad Reza Ghodsi stated: Due to the emergence of new foreign commercial competitors in addition to old competitors, sharp fluctuations in saffron prices, the existence of similar products with the name of Iranian saffron, unhealthy competition of traders and some exporters and especially the emergence of foreign competitors and the lack of international brand Iran, trading saffron on the Iranian Commodity Exchange is essential.

He continued by stating that saffron exports can be increased to more than one billion dollars: Achieving this goal requires a principled planning and increasing the yield and production of saffron along with organizing the domestic and foreign markets of this product through the stock exchange.

Ghodsi pointed out: The existence of competitors such as China and Afghanistan with lower production costs, in the next few years are considered a potential threat to Iranian saffron, these countries with increasing saffron prices show more interest in production and if no principled measures, the future They will also figure out the saffron trade.

The director of horticulture of the Khorasan Razavi Agricultural Jihad Organization emphasized: Iran, with the production of 92% of the world’s saffron, should take control of the market pulse and not allow countries with a small share to make decisions.

He said: According to the rules of the World Trade Organization, any country that produces 58% of a particular industrial or commercial product and offers it to the world market can enjoy the right of international stock exchange and the right of production policy, price expertise, marketing system and technology supervision. The product is worldwide.

Horticulture director of Jihad Agricultural Organization of the province stated: According to the threats and opportunities provided by the supply and transaction of saffron in the Iranian Commodity Exchange, the global market of this product can be managed and controlled and branded for this product and Khorasan province is also the host of stock brokers. Iranian goods will be in this field, of course, saffron was offered in small quantities in the commodity exchange in the past, but from now on, the distribution of saffron in the commodity exchange will be seriously pursued.

He said: standardization of saffron production, price transparency, reducing the number of intermediaries and some brokers in the market, preventing fraud in the saffron trade, branding of Iranian saffron, trade orientation in the global arena, investment development and financial market development and rational circulation of money in this Cycle and strengthening and improving the efficiency of the product distribution network is part of the benefits that the saffron market can receive through the commodity exchange.

Qodsi said: It should not be forgotten that the transition from the traditional market to the new international market is difficult and time consuming, but we must take steps in this direction. Of course, it should be noted that countries like Afghanistan have long-term plans to capture the saffron market.