Saffron: prices surge by 125%

September 13, 2022 at 11:33 AM , Der AUDITOR
Play report as audio

TEHRAN. Although Iran’s saffron exports declined sharply in July, this does not necessarily spell bad news for the industry.

July exports slump by 43%

Iran may have shipped as little as 8,359 kg of saffron overseas in July, but exporters were still able to reap high profits. While the export volume ranged more than 43% lower than the 14,748 kg shipped overseas in July last year, the export value rose by 28%. Iran exported saffron worth USD 9.297 million in July 2022 as opposed to USD 7.266 million in July 2021. This divergence is prompted by last year’s sharp decline in production and market inventories, which drove up prices by a stunning 125% on July last year. Average export pric

View related articles

Go to the News Overview
Spices
Nov 22, 2024
GUJARAT. Weekly monitoring with the latest market information from India on cumin, coriander and chilli, black pepper and cardamom as well as a price list for more than 70 products.
Spices
Nov 20, 2024
LIMA/BRUSSELS. Good demand is driving up ginger prices on the world market, and Peruvian farmers are taking advantage of the opportunity. EU imports are declining slightly.
Spices
Nov 15, 2024
GUJARAT. Weekly monitoring with the latest market information from India on cumin, coriander and chilli, black pepper and cardamom as well as a price list for more than 70 products.
Spices
Nov 6, 2024
LIMA/BRASÍLIA. Peru, one of the world's most important suppliers of ginger, has suffered a significant drop in exports this year. In the Netherlands, prices are skyrocketing and Brazil is enjoying a good crop.