Half of Iranian saffron speculators hoarding at home!

Half of Iranian saffron speculators hoarding at home!

Whereas last year 300 tons of saffron production of about 150 tonnes were exported, according to a member of the National Council saffron saffron produced in the home half of the speculators and profiteers were hoarding USD 750 billion worth.

Ali Hosseini said in an interview with ISNA, said that last year about 300 tons of saffron production, and despite the fact that the actual number of exports of this product has not been released by customs, according to trade statistics of saffron in the final months of last year, about 150 tons this implies that the products have been exported yet half of the saffron produced in the homes of speculators and profiteers hoarding in 1394 in the hope they could sell it at higher prices and greater profits.

He added that last year the price of a kilo of saffron from four million to six million USD fluctuated and if the price of five million dollars for every kilogram of saffron last year to consider the remaining 750 million dollars Saffron still at home and barns speculators and profiteers remain.

Saffron is a member of the National Assembly noted that in October 1394 the export of saffron to follow the good and stable, but from October onwards this trend has changed, because the entry to the market and the abundance of product price fell saffron production and after about two months, in November last year, suddenly saffron prices rose about two million dollars to pound reached six million dollars.

Hosseini said the price increases last year’s Saffron Saffron insecurity in domestic and foreign markets, the continued rise in prices has led Saffron Iranian saffron trade companies and official trade houses Identify all the houses and barns speculators and profiteers transferred saffron and insecurity in production and trade exchange technology to bring this product.

He said insecurity in domestic and foreign customers this product undecided saffron and saffron exports decreased by 30 percent in the last months last year spurred But now, given that the possibility of such a big number of the remaining saffron on the market fears saffron prices fall and speculators offense in the wake of protests that is to say, the lower the price will be reasonable and in line with market equilibrium saffron certainly not in the interest of profiteers and speculators.

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