Offering Saffron in Iran Stock Exchange for the First Time

Offering saffron in Stock Exchange will develop export market

The CEO of Iran’s Central Rural Cooperative Organization informed about offering saffron in Stock Exchange of this organization for the first time with the goal of producers’ profits and increasing saffron export capacity of the country.

Mehr News reported, quoted from Ministry of Agriculture, Ali Owsat Hashemi, informed about offering saffron in Stock Exchange of this organization for the first time with the goal of producers profits and said: this offering, by preparing its mechanism, to the amount of 400kg, will start next week.

This government official said: 85% of the world’s saffron produce in Iran and added: by producing this volume of saffron, this is our inalienable right to be the founder of saffron Stock Exchange in the world and determine the basic world price of this product.

Hashemi pointed to different types of ready to offer saffron to commodity Stock Exchange and stated: different types of ready to offer saffron to commodity Stock Exchange are: 100kg of excellent cut thread saffron (Negin), 100kg of (Sargol), 100kg of high grade (Poushal) and 100 kg of common (Poushal).

The CEO of Iran Central Rural Cooperative Organization said: The price of different types of ready to supply saffron, will announce at the time of offering this product to Stock Exchange.

Hashemi emphasized that offering saffron in Stock Exchange will develop export market, and added: with the launch of saffron in the Stock Exchange, will cause the supply of producers profits and people who are active in saffron market, organize exportation of this precious product and will cause to end the roll of jobbers from saffron dealers.

He stated: with this method of control and stabilization of saffron price will be in our hand, and we will stop saffron exportation whenever it is necessary. Because everyone should understand that Iranian producers should determine the global price of saffron, not jobbers or profiteers who just think about their profits.

Hashemi mentioned about running the plan of saffron adaptive purchase for farmers protection by Rural Cooperative as a positive experience and added: purchased saffron are keeping in standard circumstances and have great quality.

The CEO Iran’s of Central Rural Cooperative Organization continued: all this saffron will be offered by Iranian national brand and will present superior product and quality of Iranian saffron in the world.

Hashemi mentioned: saffron farmers and producers as determinant of Iranian saffron status in global market and added: producers can respect customers’ right by standardization and observe health in producing their product.

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