A responsible official said: Due to the increasing of the supply to demand, saffron price won’t fluctuate in the end days of the Persian year (21 of April 2018).
As Afkar News reported, Vice Chairman of Saffron Council, Gholamreza Miri, informed about stability of the price of saffron in the market and said: Minimum price of each kilogram of red gold is 3,250,000 Tomans and maximum price is 5,300,000 Tomans. He added: due to the increasing of the supply to demand, it is anticipated that saffron price won’t fluctuate in the end days of the year. Now we must wait to see what will happen in practice in the market.
According to Miri: It’s about 3 months which negotiated purchase of saffron has begun by Rural Cooperative Organization and it has increased the price of this product 3% on average during this time. The Vice Chairman of Saffron Council continued: However recent action of the Rural Cooperative Organization has been the benefit of farmers, we criticized their performance which caused they front the Union of Exporters. He referred: Negotiated purchase of saffron has stopped from 25 of January 2018. The price of negotiated purchase of saffron has a slight deference to current prices which it is the benefit of farmers.
In the final section of his speech, Miri said about the latest export status of saffron: 160 Tons of saffron has been exported to target markets in 10 months of this year, which this case has grown 33% compared to the same period of last year.