Rise of saffron smuggling; foreign exchange policies cut official export by 45%

TEHRAN, Jul. 14 (MNA) – Deputy Head of Iran's Union of Sellers and Exporters of Saffron Gholamreza Miri revealed the considerable 45 percent decline in the official export of saffron in the current Iranian month (May 20-June 21).

Recently-adopted foreign exchange policies by the government has been cited as one of the main reasons behind the significant decline of saffron export and smuggling this product to abroad, he maintained.

Price of saffron registered a considerable slump as of two weeks ago, he said, adding, “fortunately, prices have enjoyed a relative stability at the market.”

He put the current price of each kg of saffron at the market at 39 million rials and in some cases, the price of this product exceeds the said rate.

Export volume of this product in the current Iranian month of Khordad (June 21) recorded a considerable decline as compared to a month earlier, he emphasized.

Reduced export and lack of high demand for this product in domestic market have caused stability of prices in the recent two weeks, Miri added.

He pointed to the recent directive issued by the government in this field and added, “government’s newly-adopted directive is the main reason behind considerable decline in saffron export, the issue of which caused smuggling this product to abroad.,”

Gholamreza Miri said that recent bylaw ratified by the government can improve and ameliorate saffron export situation.


News Code 135663


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