The pandemic led to a major collapse in the saffron market in Bulgaria

Published 2020년 12월 11일

Tridge summary

The year 2020 has brought a significant crash to the saffron market, both in bulbs and dry flowers, due to the pandemic. The director of the Center for Promoting Agricultural Cooperation between China and Central Asian countries and Eastern Europe (CNSSSCEE), Vasil Gelev, predicts a prolonged economic crisis that will last for several years, during which saffron may lose appeal as a luxury good and be overshadowed by basic necessities. The competitive pricing of saffron from traditional producers like Afghanistan and Iran makes it difficult for Bulgarian saffron producers to sell their produce.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

2020 is marked by a major collapse of the saffron market, not only of bulbs, but also of dry saffron flowers - large quantities are grown by individual farmers and can not be sold. The main reason is the pandemic, but the outlook for the saffron market in the short term does not seem favorable, said in an interview with "China Today" Vasil Gelev, director of the Center for Promoting Agricultural Cooperation between China and Central Asian countries. and Eastern Europe (CNSSSCEE). Vasil Gelev, Director of the Center The pandemic has led to a drastic decline in the economic indicators of individual countries. A prolonged economic crisis is also forecast after that, which will last for several years, Gelev predicts. During this period and in the process of recovery of the world economies, we will face the fact that a large part of the products, such as saffron, will give way to the basic necessities. In recent years, the traditional saffron producers - Afghanistan, Iran, even Greece ...
Source: Agronovinite

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