Return of Iranian red gold on the circuit of 7 million!
The head of the Saffron Export Development Fund announced a 40% fluctuation in the price of saffron in the domestic market over the past year and said: At the beginning of this year, each kilogram of red gold reached more than seven million tomans, which has now decreased to about 6.8 million tomans.
Ali Shariati Moghaddam stated: red gold is one of the most sensitive agricultural products that is highly affected by natural factors and climatic conditions, and drought and hot weather during the last crop year caused a decrease of about 30%, equivalent to about 70 tons of saffron production.
He added: Since Iran supplies more than 95% of the world’s saffron and the production and market of this product is exclusively in the hands of Iran, the lack of production to any extent can affect the domestic and export market of red gold.
The head of the Saffron Export Development Fund, referring to the fluctuation of red gold prices by about 40% last year, said: The price of saffron at the beginning of the last crop season was about 4.5 million tomans per kilogram, then to about 5.5 million tomans and in the first months of this year to more than It reached seven million tomans. Of course, now each kilogram of saffron has decreased to 6.5 to 6.8 million tomans.
Shariati Moghaddam, stating that the psychological atmosphere of the market that brokers create when there is a shortage of products has been effective in increasing the price of saffron, said: And the sale of red gold will increase in the coming weeks following the reduction of its price, because the brokers who had stored their purchased product for more profit these days have to offer it to the market as soon as possible, and this abundance of saffron in the market reduces the price. It becomes.
He stressed: officials should pay more attention to red gold and the development of agriculture and its export market, because this product due to low consumption in terms of water and high added value can provide foreign exchange income for the country while providing the economy of many households. While neglecting this product endangers the economy of about 600 thousand people in deprived areas that are tied to saffron.
Get Social