Iran’s Share Meager in $8 Billion Global Saffron Market

Iran’s share in the $8 billion global saffron market is less than $200 million while the country produces 92% of all saffron produced in the world, a deputy agriculture minister said.
“When more than 25% of a given commodity’s production belong to one country, the pricing and interests of that product in the world must be held by the same country, but this is not the case with Iran,” Mohammad-Mehdi Boroumandi was also quoted as saying by IRNA.
Noting that Khorasan Razavi Province accounted for 320 tons of the 431 tons of saffron produced in Iran last year, he said the city of Torbat Heydariyeh is the saffron capital in the world with 100 tons of production during the period (March 2020-21).