Iran: Don't miss the global saffron market like the pistachio market

Published 2024년 10월 8일

Tridge summary

A meeting in Iran has discussed the potential of increasing saffron exports and market management. The government was urged to avoid market interference and instead provide a platform for price determination. The capital market was suggested as a means to improve saffron quality and transparency, with investment funds to play a role in saffron pricing and the processing sector. Quality assurance and warehousing standards were also highlighted. Iran, producing 80% of the world's saffron, struggles to set global prices due to internal challenges, but there's optimism with the proposed solutions.

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Original content

According to ISNA, Mohammad Ali Rezaei - Chairman of the Agriculture Commission of Iran Chamber - said in this meeting: "Price management should be in such a way that the attractiveness of the market is not lost and we should deal with it in such a way that we do not lose our market like pistachios." Iran has the power and capacity to increase the level of saffron exports and only needs better market coordination and management. Mohsen Zanganeh - Member of Parliament and responsible for following up the saffron supply plan in the capital market - while encouraging investment funds to buy saffron deposit certificates that have been directly provided by the farmer to the commodity exchange, said: this plan, in addition to supporting farmers, It provides accurate and real pricing of saffron and leads to an increase in its export level and investment in the saffron processing sector. He pointed out: According to the defined model, the exporter gradually buys the certificates of ...

Source: Isna