why is saffron so expensive history of saffron

Pourquoi le safran est-il si cher : histoire du safran

Saffron price per kg

Iranian saffron price on February 2024

Saffron price per kilogram on February 26, 2024, ranges from $1,420 to $1,645, with a slight change compared to the previous year.

Saffron price is $1.42 per gram in 2024 differing on the type of saffron.

Price of saffron by the end of January 2024 in Iran

Due to previous year’s frostbite, low water supply, and rainfall, the total saffron production decreased by nearly 65% in 2023-2024.

Although saffron price stayed at its lowest price level for a while, now, three months after saffron harvest time, we witness a 35% increase in All-Red (Super Negin) prices in local markets (only in the last 30 days).

During January, the IRR-USD exchange rate in Iran increased to 590,000 Rial (Jan-30) from 500,000 Rial. However, considering the increase of dollar exchange rate, the saffron price only increased 16% in global markets reaching $1,410.

According to the below chart, you can see that assuming the fixed currency rate (500,000 Rial) and based on current Iran local market, the global saffron price could experience at least $1670.

saffron price changes February 2024

However, the local saffron players believe that saffron price has not yet achieved its real value, and is set for another price rally. It is worth noting that it is not beyond expectation to reach the price of $2000 by the end of 2024 September.

You can always keep in touch with our sales experts for more purchase consultations.

Countrysaffron price per kilo
DubaiAED 5300
Saudi ArabiaSAR 5,400
IndiaINR 119,570
China ¥1,028
Germany£1,310
Spain£1,330
Turkey$1260
USA$1,440
UK£1,140

NOTE: the prices mentioned above are without shipping fee and VAT.

Bulk Saffron Prices

Saffron price per kgDollar/Euro/AED
Iranian saffron price per kg$1410
price of saffron in Europe€1307
saffron price per kg in dubai5178 AED

We have an agent in Dubai, UAE and Tehran, Iran which makes it very easy for you to inquire about the price of Persian saffron.

saffron price and market prediction

Is saffron worth more than gold? At 8 Dollars for a gram of the highest quality crop, Saffron can cost even more than gold.

Saffron “the red gold” is a well deserved given name, and the reason for that is being the most expensive and sought after spice in the world.

Saffron Market Price In UAE, SAUDI ARABIA AND EUROPE

Factors influencing saffron price

Different factors can affect the price of saffron in each country, including the types of saffron, quality, and quantity of saffron. These factors contribute to the fluctuating prices of saffron in the international market.

In the continuation of this article, we will discuss the lowest price and the price ceiling of saffron in each of the different countries around the world. If you are considering the price of saffron in a particular country that is not on our list, let us know so that we can add the price of saffron in that country to the list.

Dubai

The UAE is trying to be one of the greatest trading centers in the world. This aim let the traders buy saffron in bulk to export it all around the world. The price of saffron in bulk is less than package saffron. The traders demand could increase the price of saffron in bulk.

UAE and specially Dubai try to buy Iranian saffron. In the world the best quality of saffron belongs to Iran, and this saffron is the most expensive one. These things help the increase of saffron price in Dubai during 2024.

Saudi Arabia

Arabs use the sunshine spice of the Asian saffron land. They use the best and highest quality of saffron threads. Kilos of saffron has the price between 944 to 1475 dollars in Riyadh, the final price depends on the quality and type of saffron.

Also, the order amount is important too. In 2024 demand for saffron increase in Saudi Arabia, it means the price will increase.

Saffron Price Analysis 2024 :

The 2024 saffron price analysis in Europe underscores the various factors influencing prices. Opt for a seller based on quality and reliability for an optimal purchase. Thorough research and a wise choice will result in a valuable saffron acquisition.

Saffron Source in Europe :

Ghaaneh Saffron is identified as a trustworthy supplier in the European market, maintaining consistent prices across various cities.

Ghaaneh Online Store :

You can buy saffron products with elegant and uniquely designed packaging for a better customer experience on our Ghaaneh saffron online shop.

Expanding into Saffron Sales :

Interested in becoming a saffron seller in a European city? Reach out to our business advisors to buy saffron and obtain a branch license. Make your mark in the saffron market with our assistance.

history of saffron and where this expensive spice originates from ghaaneh brand You are here to understand what is saffron, and why is it so expensive? Let’s answer with telling you all about saffron, starting from where saffron originates form, what you can cook with it, and how to recognize real saffron from fake saffron.

History of the most expensive spice and its usage

Becoming the ancient greeks and romans perfume could be the start of saffron’s journey into the history. Chinese people however included saffron in their materia medica that goes way back to the 1550s. nowadays the spice is used as a food coloring herb and a clothing dye. Although being the most expensive spice in the world It’s a must have spice in Middle Eastern, Eastern and European culture being the complementary addition to dishes like French bouillabaisse, Spanish paella, Moroccan tagines.

What is saffron and how harvesting it makes it expensive?

Extracted from the stigmas of crocus sativus, a blooming plant with vibrant purple petals known as the “saffron crocus” or “autumn crocus” in addition to being hand-picked, will result in a costly spice referred as saffron. Once the stigmata have been separated from the plant, they are dried in a semi-arid environment to preserve their color and flavor. They are native to southwest Asia. Iran is now the world’s largest producer of saffron, although the spice is also grown in Afghanistan, Greece, Morocco, and India, among other places. The small amount of saffron spice per plant, along with the fact that harvesting must be done by hand, leads to saffron’s being majorly expensive.
harvesting saffron by hand and drying this delicate expensive flavor ghaaneh brand

Best way to store your expensive spice and how to use it

A little bit of saffron is all you need for a flavorfull meal, that’s what makes saffron so valuable. You will only need a teaspoon or less to add color and flavor to your dishes. Describing saffron’s taste is fairly difficult, being bright, sweet and slightly earthy with a distinct floral scent. Could be best to say it’s honeyed sweetness, with footprints of dried flowers or fresh hay. a helpful tip is to buy saffron threads over ground saffron (powder) because it is easier to mix other substances to ground saffron which is hard to distinguish.best way to store saffron is in a glass container, away from light and in a cold place. The freezer is also a choice for extending your saffron’s shelf life. Now that you are ready to use saffron, we recommend grinding a pinch of the threads until you have a fine powder. Then to get the best color and flavor of your saffron, transfer it into a bowl and add about 3 tablespoons of cold water, stir together and let it sit for 5 to 10 minutes.

Health Benefits of Saffron

It does not summarize in just being a dye to your foods and beverages. The health benefits of saffron are generally known to be astounding. Having a long history of medical use, Saffron is a powerful source of antioxidants, which protect your cells against free radicals and oxidative stress, The spice is also believed to improve sleep quality, possibly because of the soothing magnesium it contains.

Cooking With Saffron

Add this super expensive spice but amazing natural flavor, into recipes for main dishes, desserts, and soups. ·  Persian Saffron Rice (Tahchin): With its perfectly golden crust and the bright yellow rice inside, tachin is a dish that’s stunning to behold. ·  Saffron Yogurt Chicken Kebabs: Highlight the Mediterranean influence that saffron adds to a dish with this yogurt marinade, which makes a quick and delicious grilled chicken. ·  Saffron Milk Cake: Saffron milk cake is light, fluffy, and incredibly moist – so moist that it’s bordering on juicy. · Sholeh Zard (Persian Saffron Rice Pudding) : It has a thick, pudding-like consistency, a bold yellow color, and a delicate, sweet aroma that makes the whole thing irresistible. ·  Saffron-and-Orange-Scented Seafood Stew: Saffron is a common ingredient in paella. This seafood stew alternative combines shrimp, white fish, clams, and mussels into a savory white wine sauce. Saffron has wide applications and its production and processing method is completely manual and very difficult. Each of these cases has an effect on the saffron price. Queen of flowers always tries to provide the best and highest quality saffron for buyers and supply them at reasonable prices.

Frequently Asked Questions

The process of planting, keeping, harvesting, and processing saffron is manual and very costly.

Yes, the widespread use of saffron has increased the need for it, and its small production compared to market demand makes it near gold price but not quite.

There are main aspects to look for like price, smell and color. check out this article to understand how to tell fake saffron >>>

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