Price Increase of Saffron Is on the Way

Gholamreza Miri, Vice President of Iran National Council of Saffron announced about stability of saffron price in Iran market and said minimum price for each kilogram of red gold is 32,500,000 IRR and its maximum price is 55,000,000 IRR.

Afkar News– Gholamreza Miri, Vice President of Iran National Council of Saffron mentioned: There is no problem with exportation of red gold and added: based on the last information, rate of export has increased 30% up to the end of January in comparison to the same time last year.

Miri stated about the last condition of saffron market in the last days of the Iranian year (20th March): as regards many pilgrims go to Mashad in the last days of the year and in Norouz, saffron will face some fluctuation in the market.

This responsible official said: stability of saffron price will cause preserving customers of domestic and foreign markets. He pointed to the impact of the exchange rate on product exportation and said: buyers and sellers haven’t been able to trade easily in recent days because of exchange rate fluctuation, so it is anticipated the growing trend of exportation won’t last.

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