37322
Saffron Price Fluctuations Threaten Exports
Economy, Domestic Economy

Saffron Price Fluctuations Threaten Exports

Saffron production increased by 20% in the current Iranian year (to end March 19, 2016), compared to last year, to reach 300 tons, a saffron exporter said. “Price fluctuations have, however, caused impediments to saffron exports,” Ali Shariati Moqaddam added in an interview with Forsat-e Emrouz newspaper. “The drastic price swings we faced in the current year have had a detrimental effect on the export market, which needs stability to thrive. When prices go up, exporters are incapable of trading,” he said. The exporter further said Iran holds 90% of the world saffron market, “yet we are liable to lose our position if the current unstable domestic market persists”. According to Shariati Moqaddam, the Union of Iranian Saffron Exporters, together with the ministries of industries and agricultural jihad, is planning to list saffron in Iran Mercantile Exchange to prevent middlemen from manipulating the prices.  “Farmers can directly sell their products to exporters,” he said. Almost 90,000 hectares of farmland are dedicated to the cultivation of saffron in Iran, with Khorasan Razavi and South Khorasan provinces accounting for the lion’s share of the domestic production.

Short URL : http://goo.gl/CIRDyo
  1. http://goo.gl/anM3Bw
  • http://goo.gl/DpUw1d
  • http://goo.gl/7aM6E5
  • http://goo.gl/9Ahibx
  • http://goo.gl/a296Gf

You can also read ...

Pretoria Hosts South Africa-Iran Business Forum (Photo: AfricaNewsAgency)
The South Africa-Iran Business Forum was held in Pretoria,...
The health deal was signed in Iran’s Embassy in London on Oct. 23.
Iran’s Ministry of Health signed an investment and cooperation...
Donald Trump (C) walks past Emmanuel Macron (L) and Angela Merkel on his way to his spot for a family photo during the NATO summit in Brussels, Belgium, on May 25, 2017. (File Photo)
US President Donald Trump said in an interview aired on Sunday...
2 Iranian Rating Firms Licensed
Securities and Exchange Organization of Iran, the country's...
The fiscal 2014-15 was the worst year for the construction sector in recent memory, with growth rate reaching its nadir at -17%.
The research arm of the Iranian Parliament has forecast a...
Mellat Insurance’s office in Tehran
Mellat Insurance, affiliated with Bank Mellat, announced that...
Renault Launches Used-Car Sales Scheme in Iran
Negin Khodro, the local official importer of Renault cars, has...
485,000 New Jobs Averaged Annually Since 2013
An average of 485,000 jobs were created every year during...

Trending

Googleplus