Behrang Saffron News & Blog

Up and down saffron market after corona outbreak

A member of the National Saffron Council said: “Due to the closure of countries that buy saffron, there is no clear market for the product.”

Gostaresh News – Ali Hosseini, a member of the National Saffron Council, announced the recession and slump in the saffron market and said: “With the spread of the corona virus around the world and the closure of shopping malls and stores, the market has returned to normal.”

Closing of countries buying Iranian saffron

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, it may be possible to compensate for the previous backwardness.”

There is no definition of saffron market during Ramadan

Hosseini announced the minimum price of 6 million Tomans per kilo of saffron and the maximum of 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.
According to the official, we will not have a bright future for saffron and other export goods until the outbreak of the coronavirus virus in the world subsides.
Regarding the latest situation of red gold exports, the member of the National Saffron Council said: “According to statistics, the amount of exports in the second half of 1998 has decreased slightly compared to the same period last year, but the exact figure can not be announced due to possible abuses.”
Noting that Iran supplies and produces more than 90 percent 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 affected by coronavirus, there is a great demand to buy does not have.

In the end, he said about the future of the saffron market in Ramadan: “Every year from 20 days to a month before Ramadan, the countries of the region used to buy saffron, but in the current situation where borders are not active, we will not have a significant fluctuation in the saffron market.”

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