Lack of liquidity and bank profits ravages of saffron market.
According to the information network of Dana, Gholam Reza Amiri, vice president of the Supreme Council of saffron in conversation with Swallow, said:Lack of liquidity and, on the Bank’s profits increase was due to increased production at a time when we’ll have this year estimated that 450 tons of saffron crocus prices continue to remain high.
He said one of the problems that you frequently hear the saffron saffron is exported to Italy and Spain, is back on the market They facilitate the 1. 8% of annual fixed-price selling and buying large saffron, if this is not possible within the country.
Miri said Saffron price of twenty days more than 20 percent and now the price of saffron in the watch market changes and tomorrow we do not know is the price.
He continued: Saffron price in the market is not stable, the price is determined by supply and demand in the market and this has caused a large number of speculators who With regard to the volume of saffron-producing counties dealer, exporters, warehouse does not have liquidity.
Vice president of the Supreme Council of saffron said that the saffron quality depends on storage conditions change, but the dealer network that have created low-quality products sell at high prices.Miri said: given that we are at the peak harvest time and will continue until 10 December saffron harvest between 30 to 50 percent above estimates have been produced The age of the Earth is different and so the performance is also increased.
In the end, Babis the price of saffron 4 million 800 thousand dollars, and today sold 5 million and 800 thousand dollars, said the contract does not directly buy saffron in Iran,Our exports with better packaging, but due to some political relations between our exports to some major markets has complained.
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