What is the difference in the price of saffron today 1 October, compared to last year?
The increase in sales of Iranian saffron in the world markets is on its way.
What will be the export trend of saffron in November and December this year by King Business brand?
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Selling Iranian saffron
Buying and selling Iranian saffron has a certain place in the world markets.
Last week, the largest saffron trade agreement in the world was signed between Iran and Qatar.
A large amount of high-quality Iranian red gold is sent to Qatar in different pallets.
How much is 1 kilo of saffron?
The European market is one of the important importers of Iranian red gold.
Currently, the price of 1 kilo of Grade A saffron is $3260.
King Business brand has been able to find its place in the wholesale pure saffron market worldwide.
The price of saffron today 1 October
According to the analysis of the saffron sales rate chart in 2021 and 2023, it is clear that:
The price trend has grown abnormally and by leaps and bounds.
The price of saffron today 1 October , was between $3140 and $3460.
While in the current year, 2023, the price trend is from $2,980 to $3,230.
Buy kilos of saffron
Mehr is the end of last year’s saffron sale in the market.
Normally, the purchase of kilos of products in this month is almost limited.
Because the buyers were waiting for the arrival of fresh saffron in the market.
In the current situation and due to the possibility of a sudden increase in the price of saffron, buyers of red gold increased their purchases this month.
Wholesale of fresh saffron
What will the wholesale price of fresh saffron be?
On the other hand, traders and companies active in the field of selling and exporting saffron are supplying products these months.
King Business company supplies its products directly from the company’s farms.
The price of 1 gram of saffron
Will we increase the retail price of saffron again?
The sale of the product in special packages for stores and shops (0.10 g, 0.25, 0.5, and 1 g) changes for 2 reasons.
- Increasing the cost of preparing a package (buying a container, cost of printing and designing, package envelope, etc.)
- The selling price of bulk saffron has become more expensive
Retail sale of saffron
In the above section, the reasons for increasing the sales rate of 1 gram of saffron in a package were examined.
During the last 6 months, the purchase of special saffron dishes has increased between 5 and 10%.
In the same way, the selling rate of bulk and kilo red gold has been on the rise.
Therefore, the retail price usually grows more than the wholesale price of the product.
Export of Iranian saffron
In recent developments, reports have surfaced regarding the culmination of the world’s most extensive saffron trade agreement. The preliminary projected revenue for this contractual arrangement stands at an approximate sum of $300 million.
This significant accord was officially inked between the nations of Iran and Qatar earlier this week, marking a significant milestone in their trade relations.
The commencement of Iranian saffron exports to Qatar is scheduled to initiate within the next two months.
