The saffron pricing authority is the right of Iran
Hamid Reza Baradaran shoraka Economic Expert Why is Spain still considering saffron prices in the world, with more than 90 percent of Iran’s saffron produced? “This is the most important question regarding Iran’s saffron market, since Iran, despite being the largest saffron producer in the world, does not have a good place in the global trade of saffron. In addition, saffron products in the country face price fluctuations and are always available to brokers and It has been some of the exporters, so these brokers pocketed profits when the product crashed.
In early June 1997, after 10 years from the launch of futures contracts, Saffron futures for transparency purposes, risk coverage of price fluctuations, as well as shortening the hands of speculators from this market on commodity exchanges. Regarding the benefits of saffron trades in the Iranian stock exchange, we have spoken to with Hamid Reza Baradaran shoraka. He is an economist and master of economics and a retired professor of economics at Allameh Tabataba’i University. He was the vice president of the Iranian government in the seventh government. He was the chairman and vice president of the organization of management and planning of the country, the chairman and associate professor of economics at Allameh Tabatabai University, and the secretary of science faculty of economics University of Florida in the United States.
shoraka said about the benefits of setting up future Saffron futures: “Launching these deals for both manufacturing and consumers at the same time has many benefits, most notably covering price risks. When a producer can sell the product for the future at an affordable price today, in addition to his incentive to increase production, the drop in the price of saffron during harvesting is also affected by dealers’ actions. Of course, consumers who are uncertain about the price of saffron in the future can buy today at a certain price and at a specified price, and they will also be insured against future fluctuations in prices.
He said about the success rate of the stock exchange over a year after the launch of saffron deals, he said: since the launch of the saffron trading on the stock exchange did not go long and should not be expected that this market can solve all the old problems of the market for saffron Slowly But during the period since the commencement of these transactions, this market has had a very positive impact on the realization of the price of saffron in Iran, and given that our target countries also have access to the statistics of trades and prices discovered through the Iranian stock exchange website in Iran. , Has had a significant impact on price transparency globally.
The economic expert expressed hope that this upward trend will continue in the boom in the trading of saffron on the stock exchange, adding: “We hope this trend will continue, and in the future this stock will come from saffron crops to all agricultural products, especially for export to The country is important, because the transaction through the stock exchange in the field of quality product delivery will create a certainty for the foreign buyer and will definitely contribute to the globalization of Iranian agricultural products and in the coming years in the field of branding.
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