Iran News ...


Saffron price multiplied sevenfold in Iran

TEHRAN, May 9 (Mehr News Agency) - Saffron price skyrocketed seven times to $2,165 per kilo in the first month of Iranian year (March 21 to April 20, 2007), said the Saffron Export Promotion Fund head on Wednesday.

The figure shows a sevenfold rise when compared to the similar period in the past year, Ali Shariati-Moqaddam told MNA.

The hike will fade domestic markets and will give the way to new foreign competitors such as Afghanistan.

Shariati-Moqaddam said that the country needs to prevent the bulk exports of the product, adding that the export-bound saffron should bear Iran's trademark.

... Payvand News - 5/9/07 ...

... Payvand News - 5/9/07 ... --

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