Head of Khorasan Razavi Saffron Exporters Association said the price increase when the saffron harvest season is not over yet, is illogical.
Gholam Reza Miri in an interview with Iranian Students News Agency (ISNA), Khorasan region, said: certainly increase the price of saffron has nothing to do with reducing the product on the market because exporters have not yet begun to purchase and blamed the recent volatility, speculators.
He continued: Saffron price in the market just supply and demand determines the current market situation unpredictable.
Miri said the harvest would be due to lower product prices rise because there are still plenty of new products to the market and sold what is now the product of years past.
Khorasan Razavi Saffron Exporters Union Chairman pointed out that speculators were always disruptive market, said an increase of more than 800 thousand dollars saffron from Thursday to Saturday this week only because speculators have been malicious activity.
He continued: Brokers with rumors of a sharp decline in production, the price per kilo of dried saffron will increase to 4 million 800 thousand dollars, but yesterday the price of saffron has decreased by 100 dollars to 600 dollars reached 4 million.
Miri In response to the question of why the attempt to regulate the market and price stability would be taken by the administrators, said: saffron market regulation with empty hands and not just words.
He continued: For years, the Bank raised saffron in order to regulate the market, but so far no action has been taken for its implementation.
President of Exporters Association of Khorasan Razavi Saffron Saffron said, referring to the creation of the bank when the bank be established, saffron Peer purchase price with interest the issuer and gradually sold, thereby reducing time to market. the product can be stored, the bank injected to the market, but now there is no bank reserves.
Get Social