The saffron crisis in Iran raises prices

Published Oct 29, 2021

Tridge summary

The article highlights the significant decrease in saffron harvest and the resulting increase in prices in Iran, one of the leading saffron producers. Despite the challenges, such as the pandemic's impact on restaurants and ongoing sanctions, the saffron industry has seen a 20% rise in income, reaching $200 million in 2020. Ali Shariati Mukaddem, the owner of Nuvin Safran, the largest saffron factory in Iran, is actively working towards organic saffron production and finding alternative ways to trade, including barter, to overcome sanction-related issues. The article also emphasizes the benefits of saffron and the industry's potential for growth, both domestically and internationally.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Ali Shariati Mukaddem, owner of the Nuvin Safran business in Mashhad, one of the largest saffron factories in the country, said in a statement that the decline in the saffron harvest was also reflected in the prices. Mukaddem, who has been trading saffron for 28 years in Mashhad, the central city of Rezev-i Khorasani province, stated that the harvest period has started but the yield is very low compared to previous years. "THE PRICE OF SAFRAN HAS INCREASED 80-90 PERCENT" Mukaddem said, "We are in the harvest season, last year, 420 tons of saffron was obtained from the 130 thousand hectares of land produced throughout the country. This year, we see that the yield is very low. The price of saffron flower has increased by 250 percent compared to last year, and accordingly the price of saffron is 80-90 percent. elevated.” said. Noting that they exported saffron, one of the most valuable plants, to about 60 countries, mainly Spain, United Arab Emirates (UAE), Japan, China and India, ...

Source: Bursahakimiyet