Reduction of saffron prices in world markets to the rates of the 60s
Ali Hosseini stressed that the world economic situation will be critical after the end of the epidemic of Corona virus, said: In the meantime, the market will be worse for products that do not have priority consumption.
He continued: These products are more vulnerable and the recession is predictable for their future market.
Hosseini, stating that one of these products is saffron, added: Saffron in the target export countries has more than anything else, industrial and medicinal consumption, for which the demand will undoubtedly decrease.
According to him; Demand for second-priority goods is good when economic conditions are right.
Hosseini reminded that the main customers of Iranian saffron are now among the countries most affected by the Corona virus, said: Spain and Italy are the main customers of Iranian saffron, which now have the highest incidence and prevalence of Corona virus, forcing them to stop and shut down many From industrial sectors.
He continued: Only a one-month pause in the industrial and manufacturing sectors can have a major negative impact on the economies of countries, while a few months off due to the high prevalence and disease in these countries is not far from the mind.
Hosseini said the result of the closures was an unprecedented recession in those countries after the end of the disease.
He mentioned the Chinese as another important foreign customer of Iranian saffron, which was the first country to be affected by Covid-19 disease.
Hosseini considered the severity of the impact of the Corona virus on the Iranian saffron market to the extent that it has even stopped its smuggling.
He predicted: with the conditions in the economy after the corona, the price of saffron will probably return to the price of the 60s.
Hosseini stated that the price of each kilogram of saffron, mainly in the 60s and 70s, was $ 400 to $ 500.
A member of the National Saffron Council emphasized: Before the outbreak of the Corona virus, the global price of saffron in world markets had reached the level of one thousand and 100 dollars.
According to Hosseini, one should expect a heavy blow to the market of all agricultural products after the end of the global outbreak of Corona virus, but this blow will be heavier for some products such as saffron.
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