A member of Iranian Parliament’s Economic Committee said on Sunday that the plan to establish the Organization of Saffron Exporting Countries (OSEC) will change the country's stock market into the main reference for price of saffron in the world.
Iranian saffron exporters are mulling an international bloc of countries involved in the trade of the red gold as they become increasingly irritated with the European monopoly over benchmarking and standardization processes that exist in the field.
Exports of saffron from Khorasan Razavi Province have registered a 46-percent growth in the eight months from March 21 to November 21) as compared to the figure for the same period last year, according to deputy head of the National Saffron Council.
Iran ready to cooperate with UN Food and Agriculture Organization (FAO) on developing the value chain of Iranian saffron as part of efforts to boost marketing in Iran and expand export network for the product.
Iran exported 147.2 tons of saffron during March 21-December 21, 2017, recording a 35-percent growth compared to the figure for the same period last year, said deputy chairman of Iran's National Saffron Council.