Saffron was the increase in prices

Saffron was the increase in prices

The head of Khorasan Razavi Saffron Exporters Union said the rising cost of saffron is not over when the harvest is irrational.

Gholam Reza Miri in an interview with Iranian Students News Agency (ISNA), Khorasan region, said the rising cost of saffron is definitely not related to mitigate this product in the market because exporters have not yet started to buy and blamed the recent volatility, speculators.

He continued: supply and demand determine the price of saffron in the market only, and is currently unpredictable market situation.

Miri said the harvest would be the decrease in production, prices rise because there are still plenty of new products to the market and what is now the product has been sold.

The head of Khorasan Razavi Saffron Exporters Union pointed out that the dealers were always disruptive market, said an increase of more than 800 dollars the price of saffron from Thursday to Saturday last week, this week only because the dealers were malicious activity.

He continued: brokers with rumors of a sharp decline in production, the price per kilo of dry saffron increased to 4 million 800 thousand 100 dollars, but yesterday the price of saffron to decline reached 4 million 600 thousand dollars.

In response to the question why do you go to the market and price stability, if not by the trustee, said: Saffron market with empty hands and not just words.

He continued: For years the debate has been the creation of a bank of saffron in order to regulate the market, but so far nothing has been done to implement it.

The head of Khorasan Razavi Saffron Exporters Union Bank Saffron said, referring to the plan when the bank is established, saffron prices and gradually acquired expertise with exporter profits to be sold, thereby reducing time to market the product can be stored, the bank injected into the market, but now there is no reserve bank.