News ID: 152490
Published: 0704 GMT June 01, 2016

Saffron exports reach $15m in one month

Saffron exports reach $15m in one month

Iran exported more than 10 tons of saffron worth $15 million in the month to April 19, said the deputy head of Iran's Union of Saffron Sellers and Exporters.

Gholamreza Miri said Iran exported 10.34 tons of saffron during the said month which shows an increase of 10 percent compared to the amount for the same month last year, Mehr News Agency reported.

Miri said there were no fluctuations in saffron prices in the past 40 days adding that at present, demand is at par with supply.

The official pointed out that stability in prices will increase exports as traders will not take the risk of purchasing and exporting the product which entails likelihood of losses.

Miri further said that saffron prices will go down in August or September before the harvest season.

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