Tridge summary
Iran's saffron reserves have decreased due to climate change, impacting the industry and leading to a significant drop in yields. The decrease in production has pushed the price of saffron to record highs, reaching $1,400 per kilo in Iran and $1,800 abroad. Chinese buyers, who get 45% of Iran's saffron production, have been particularly affected by the scarcity and price hike. Experts attribute the decline in saffron production to changing weather patterns and warn that Iran is more vulnerable to climate change than the global average.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.
Original content
According to ISNA, quoting Financial Times, saffron reserves have decreased because Iran has affected this product due to climate change. The city of Torbat Jam is famous for its acres of colorful saffron fields and one of Iran's most valuable exports, but for Reza, a local farmer who brings bags of saffron to the market, this year has been a disaster. The family of these farmers harvested only 900 kg this season, which was a decrease compared to 1500 kg. More than nine tenths of the world's saffron comes from Iran. Producers and traders said that changing weather patterns and water shortages are having a dramatic impact on the industry, leading to a significant drop in yields that have pushed the price of the world's most expensive spice to record highs. Farmers of Khorasan region said that this year's yield will be less than half of 2022. Ali Shariati Moghadam, CEO of Novin Saffron Company, said that the total production is expected to decrease from around 400 tons to around 170 ...
Source: Isna
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