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Saffron price changes in 2020

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Why Saffron is expensive?Latest saffron price fluctuation around the world

Saffron is a natural spice called red gold. Due to its quality, pleasant taste and smell, it has many fans worldwide. Iran accounts for 80% of the world’s saffron, which plays an important role in exports and job creation. Saffron is a strategic product that is widely traded in international markets. Also, the countries buying Iranian saffron include European and Middle Eastern application drawers.we in this article talk about topics like : saffron price per kilo , saffron price vs gold

Saffron price changes in 2020

Why Saffron is expensive?

Why Saffron is expensive? Iranian saffron with the title of red gold has a high export price. Iran is the largest producer of saffron in the world. The history of saffron cultivation in Iran dates back to more than 3000 years ago. Harvesting saffron requires a lot of physical labor to pick the flowers from the ground and take them to the final packaging. The harvesting process, in addition to the distinctive taste, smell and color, makes it the most expensive seasoning in the world. Saffron is used as a color and spice in kitchens around the world. It may soon be widely used for medicinal purposes.

Saffron is a spice that is very difficult to harvest. Saffron is obtained from saffron flowers. And each flower has three red stigmas, which is saffron. Saffron yield is really low. To harvest 1814.24 grams of saffron per acre, you have to hire a large number of workers.

Finally, to get 453.56 grams of saffron, you have to pick 170,000 flowers by hand. Purple flowers bloom only during a period of 6 weeks from late October to early December. It is also a special time to harvest saffron.

When we have higher relative humidity in the air, it can affect the quality of saffron. Sunlight can also break the chemical structure of saffron. Therefore, we prefer to harvest saffron every day . 9.0% of the world’s saffron is grown in barren lands in Iran. A ship that harvests all the saffron with effort and expense.

Latest saffron price fluctuation around the world

Latest saffron price fluctuation around the world Sellers of first-class export saffron in Iran are among the most reputable sales centers. Because the saffron purchased is original, it must be ensured that its export type is also original and high quality. Wholesalers are distributors who supply it directly, and commercial companies are sellers and intermediaries in this field. Retailers also store saffron and its products in the city.

Examining the profit from saffron exports to European countries is that because the price of saffron to European countries is higher, exporters get double the profit. Tariffs for saffron exports and pricing are agreed upon by both parties. And factors such as the price of currency in the two countries and the monetary value of the two and export costs also affect this pricing. Due to the high profit of saffron exports, many brokers are competing in this field and have taken over this market in their hands.

Alireza Hemmati

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