29995
Iran Looks to Make Saffron a Major Earner
Economy, Business And Markets

Iran Looks to Make Saffron a Major Earner

Saffron is one of the world’s most precious products, worth more than its weight in gold.
Prized at dinner tables around the world, it is a spice only found in minute quantities in each saffron crocus. Between 110,000 to 170,000 saffron flowers are needed to make a kilo of the rare flavoring and coloring agent.
In saffron, Iran has one of the world’s most prized crops and could produce 300 tons this year, some 90% of the world total. Spain and Kashmir are also producers.
“We were able to make a healthy and organic product, but unfortunately it is exported by dealers. They export it to other countries under their own brand,” says farmer Rasoul Bolbol.
The saffron market bustles with activity, but Iran could make so much more from this industry if it had its own ways of adding value via refining and processing. The money to attract investors is certainly there. Profits could more than cover the investments needed to catch up with the competition.
“We should be able to have accurate planning to export packed saffron with our own brand directly from here to destination countries,” said the Chairman of Torbat-e-Heydarieh Dried Nuts and Saffron Guild Hadi Movahedan.
Iran has the quality and quantity needed to make an impact on this global market, which in ancient times it dominated along with the Mughal Empire.
In fact, saffron could end up as another profitable niche commodity for Iran to add to pistachios and carpets, as it seeks to diversify and strengthen its post-sanctions economy. It has the power to transform many families’ lives.
“Iran’s red gold, saffron, is world-known, yet it has not been successful at winning its deserved share on the international market for Iranian brand names. However, the producers in Iran hope that they can introduce their brands to the world once the economic sanctions are lifted,” Euronews reported.

 

Short URL : http://goo.gl/GT8Rcl
  1. http://goo.gl/1j7JsT
  • http://goo.gl/9JsX7U
  • http://goo.gl/PUuCGD
  • http://goo.gl/vdpVEH
  • http://goo.gl/YRi7Cl

You can also read ...

Currently, each US dollar is reportedly being traded for as much as 75,000 rials in Tehran’s black market.
Seventy days after the government decided to unify the US...
Turkey Worries Over Impact of Anti-Iran Sanctions
Turkey’s Economy Minister Nihat Zeybekci said his country “...
Gao Feng
China will maintain normal relations with Iran, the Commerce...
Fintech Event Highlights Women Business Leaders
The 5th round of Iran’s Financial Technology Event known as...
Iran’s startup ecosystem has boomed in recent years.
Privately owned Bank Pasargad is poised to increase its...
Iran’s Minister of Industries, Mining and Trade Mohammad Shariatmadari (L) and Serbian Minister of Trade, Tourism and Telecommunications Rasim Ljajic (2nd R) address a press conference in Belgrade on June 21.
Iranian Minister of Industries, Mining and Trade Mohammad...
Train Fares  Rise 10%
Train fares have risen by 10% as of June 22, a member of the...
Mobile Phone Imports on the Rise
Iran’s cellphone imports bill for the first two months of the...

Trending

Googleplus