Economy, Domestic Economy
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UAE Biggest Destination for Saffron Exports

UAE Biggest Destination for Saffron ExportsUAE Biggest Destination for Saffron Exports

The UAE was the biggest destination for Iran’s saffron exports during the first two months of the current Iranian year (started March 20), accounting for 11 tons worth over $18.6 million out of the 25.5 tons worth more than $32.4 million of overall exports during the period. Spain with 6.69 tons worth $8 million, China with 2 tons worth $3.3 million and Hong Kong with 0.76 tons worth $1.1 million were the next major destinations for the precious Iranian spice, ISNA reported.  More than 350 tons of saffron were produced in the last Iranian year, indicating a 25% increase compared with the previous year, of which about 130 tons were exported.  Area under saffron cultivation increased from 88,000 to 95,000 hectares. Iran is the world’s biggest saffron producer and accounts for more than 93% of the global production.

Financialtribune.com