Iranian saffron market is involved in price fluctuations
The head of the Khorasan Razavi Saffron Exporters Union called price fluctuations the biggest problem in the saffron market.
Gholamreza Miri stated:
The saffron market is currently tense due to severe price fluctuations and is witnessing an increase and decrease in prices every hour.
He stated that the general plan of the union is to increase exports, adding:
Unfortunately, with the current market conditions,
it is not possible to proceed according to the general plan and we are currently operating according to short-term plans and updates.
Miri called another problem in the saffron market the lack of liquidity in the market,
adding that the 25 percent profit of the facility, while the producers do a limited number of trades a year,
has prevented people from operating properly.
The head of the Khorasan Razavi Saffron Exporters Union continued:
Saffron export, like other export products, is witnessing a currency problem,
and with the increase and decrease of the currency price, the market of this product will also be affected.
Regarding the domestic market of saffron, he said:
In addition to the problems mentioned, returned checks are a problem that exists without fear of legal action and perhaps due to delays in handling complaints in the domestic market.
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