The maximum price per kilo of red gold is 10 million tomans
Ali Hosseini, a member of the National Saffron Council, announced the stagnation of the saffron market and said: With the spread of the Corona virus throughout the world and the closure of shopping malls and stores, the market has returned to normal.
He added: Due to the closure of countries buying Iranian saffron, there is no clear prospect for the market of this product in the coming days, and after the virus leaves the world, perhaps the previous backwardness can be compensated.
Saffron market in Ramadan has no definition
Hosseini announced the minimum price of each kilo of saffron as 6 million Tomans and the maximum as 10 million Tomans and said: considering that saffron is an export commodity, therefore the price of saffron is subject to the demand of export markets.
Until the outbreak of the coronavirus in the world subsides, we do not have a bright future for saffron and other export commodities, he said.
A member of the National Saffron Council said about the latest situation of red gold exports: According to statistics, the amount of exports in the second half of 1398 compared to the same period last year has decreased slightly, but the exact figure can not be announced due to possible abuses.
Pointing out that Iran supplies and produces more than 90% of the world’s saffron, Hosseini said: “Every year before Ramadan, countries in the region start buying saffron, but in the current situation where countries are infected with the corona virus, there is a great demand to buy does not have.
In the end, he said about the future of saffron market in Ramadan: Every year, from 20 days to one month before Ramadan, the countries of the region used to buy saffron, but in the current situation where the borders are not active, we will not have significant fluctuations in the saffron market.
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