Global Saffron Price Authority
Global Saffron Price Authority : The Deputy Minister of Agriculture announced that, in the near future, Iran and its international saffron exchange will serve as the sole reference for saffron pricing globally. This move will ensure unprecedented transparency in both price and quality. Furthermore, only saffron with a commodity exchange certificate will be eligible for export.
Establishing an International Saffron Exchange
Global Saffron Price Authority : The Central Cooperative Organization of Iran’s Deputy Minister stated that the government is working to establish an international saffron exchange. As of now, 65 tons of saffron have been sold in the exchange, with a significant portion already exported. Hussein Shirzad, from the Ministry of Agriculture, emphasized continued efforts to improve market conditions and support both domestic purchases and exports.
Global Saffron Price Authority : Ensuring Transparent Pricing for Saffron
Global Saffron Price Authority : The Chairman of the Central Cooperative Organization explained that Iran will determine the global saffron price. He promised unmatched transparency through this system. The exchange will also help balance saffron prices by providing proper storage infrastructure, benefiting both producers and consumers.
“Our goal is fair pricing for saffron through this exchange,” said the Deputy Minister. “By doing so, we aim to strengthen Iran’s market and reinforce its position as the world’s largest saffron producer. Currently, Iran controls 85% of global saffron production. This process will improve the trade balance and drive global demand for Iranian saffron.”
Global Saffron Price Authority
The future goal is to ensure that saffron can only be exported with proper certification from the commodity exchange. This certification will guarantee transparency in pricing and boost support for local farmers, further solidifying Iran’s global saffron market position.
Growth in Saffron Trade
Reports indicate that in 2023, Iran’s saffron trade expanded significantly. A total of 67 tons of saffron, including Negine, Saffron Flower (Sargol), and Grade-A Pushal, were purchased. The price per kilogram ranged between 4.4 million and 5.5 million Tomans.
Expanding Saffron Production in Iran
Iran’s saffron production capacity has increased from 30 tons in 1989 to over 300 tons today. Each year, Iran exports approximately 200 tons of saffron. Domestically, about 80 tons are consumed annually, with each Iranian consuming around one gram of saffron per year. Experts recommend a daily dose of 10-20 milligrams of saffron for health benefits, which amounts to almost 5 grams per month.
Global Saffron Price Authority
The Central Cooperative Organization of Iran, founded in 1969, has always supported saffron producers by securing guaranteed agricultural product purchases. This effort continues today, ensuring growth and development within Iran’s agricultural sector.
The Role of Saffron in Iran’s Economy
In conclusion, Iran is strengthening its position as the global authority on saffron pricing. With the international saffron exchange’s growing influence and ongoing government efforts, the future of Iran’s saffron market looks promising, ensuring stability, quality, and growth for the global saffron trade.
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