Iran’s Vision to Lead the Global Saffron Market

Iran’s Vision to Lead the Global Saffron Market

Iranian saffron market : The Iranian government is setting a clear course for the Republic of Iran to become the world’s single reference point for saffron pricing. In the near future, the Iranian Stock Exchange for Saffron will be the sole global source, bringing exceptional transparency to both saffron quality and pricing. Consequently, this move will revolutionize the market.

Shaping the Future of Saffron Trade and Export

Iranian saffron market :In line with its vision, the Iranian government aims to make saffron exports available only with certification from the commodity exchange. This strategy is designed to not only support local farmers but also enhance Iran’s dominance as the top saffron producer worldwide. Thus, Iran’s control over the market will become even more significant.

Strengthening Iran’s Saffron Market

Iranian saffron market : So far, more than 65 tons of saffron have been sold on the exchange, with a significant portion already being exported. As a result, the government remains focused on boosting saffron purchases and exports. Minister Shirezad has repeatedly emphasized the importance of revitalizing the saffron market. Moreover, the government continues to invest in this strategy to ensure long-term success.

Ensuring Stable Prices and Stronger Exports

Iranian saffron market : By improving infrastructure and implementing strategic planning, Iran plans to balance saffron pricing and production. As a result, both producers and consumers will benefit from greater market stability. This, in turn, will strengthen Iran’s trade balance by ensuring more efficient and transparent export systems.

The Future of Saffron: Securing a Leading Role

Iranian saffron market :As the global leader in saffron production, Iran currently controls 85% of the market share. Over the past year, for instance, 67 tons of saffron were purchased from farmers as part of efforts to stabilize the market. With the establishment of the saffron commodity exchange, Iran is now positioned for further trade expansion.

Setting Global Standards for Saffron Quality

Moreover, the government’s strategy will not only boost saffron quality but also bring much-needed transparency to the global market. Only saffron that meets stringent standards will be exported under Iran’s saffron exchange certification. This initiative will, therefore, ensure the traceability and consistency of saffron quality worldwide.

Saffron in Iran’s Agricultural Future

Iranian saffron market :Iran’s saffron production has increased dramatically, rising from 30 tons in 1368 to over 300 tons today. Every year, around 200 tons are exported globally. Domestically, the average consumption per person is about one gram annually, which amounts to more than 80 tons used for both culinary and medicinal purposes.