ghaaneh saffron
saffron price and market prediction

Saffron price per kg April 2024

Iranian saffron price on April 2024

Saffron price per kilogram on April 20, 2024, ranges from $2,600 to $2,800, with a slight change compared to the previous month.

Saffron price is $4 per gram in 2024 differing on the type of saffron. The price of saffron in Dubai, the price of 1 gram of saffron is 27.95 dirhams (Dhs).

To better understand the saffron market in Dubai, United Arab Emirates (UAE), the price of 1 kg of saffron is 9,900 AED.

Iranian Saffron price per kg

Iranian Saffron price ranges from about $1500 to $7500 per kg. price of saffron has an upward rate and the price might even be as high as $10,000 per kg in some countries.

Saffron price in Dubai

1 kg of saffron in Dubai, UAE is around 1200 to 2500 USD. this price, depends on the quality of the saffron, the packaging of saffron and the amount of your order.

Saffron price in UAE
Cost
1 kg saffron price in UAE per Dollar2,500 Euros
1 gram saffron price in Dubai per Dollar3.5 Euros
1 kg saffron price in UAE per AED9,900 AED
1 gram saffron price in Dubai per AED15 AED
1 kg saffron in retail in UAE per AED3,500 AED

Purchasing saffron in retail is not recommended at all to those who are looking for saffron packaging.

The main Iran’s saffron export destinations in April, in terms of volume, include UAE, China, Afghanistan, Spain, Italy, Switzerland, Taiwan, and France.

Intermediary countries such as UAE, and Afghanistan re-export saffron to other destinations including India, Saudi Arabia, and the USA. This means that the UAE is not the direct consumer of such a volume of saffron.

Saffron production in Iran

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

Top 7 saffron producing countries in 2024

Iran dominates saffron production with a significant lead over other countries. >>

Iran's saffron production rate

Iranian Saffron production decreased in 2023-2024

The field analysis, researches and individual interviews with farmers in Khorasan region has resulted in the following, which shows the production reduction rate in 2023-2024 crop compared to the previous year.

In below chart, you can see the percentage of saffron harvest reduction in each region or city:

RegionPercentage of saffron yield reduction
Torbat- Heydarie70%
Taybad60%
Zaveh70%
Gonabad55%
Ferdows60%
Torbat Jam65%
Neyshabour60%
Khaf60%
Bardaskan70%
Joghtay50%
Sarayan60%
Percentage of saffron yield reduction 2023

Iran Saffron Cities | Percentage of saffron yield reduction 2023

Persian saffron wholesale price 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 $1,670.

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 $3,600 by the end of 2024 September.

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

1 kg saffron price in USD, Euro and AED

Countrysaffron price per kilo
DubaiAED 6,889
Saudi ArabiaSAR 6,670
IndiaINR 147,30
China ¥1,269
Germany£1,662
Spain£1,480
Turkey$2,180
USA$2,670
UK£2,160

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$2,580
price of saffron in Europe€2,440
saffron price per kg in dubai6,889 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.

why is saffron so expensive history of saffron and how to use

Is saffron worth more than gold? At 18 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.

How much is Iranian saffron? In the table below, you can see the approximate saffron price per gram in USD.

1 gram saffron price in USD

CountryPrice for 1 gram (USD)
Dubai$3
Saudi Arabia$3.5
India$2.5
China$5
Germany$7
Spain$7
Turkey$2.5
USA$5
UK$7

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

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.

saffron global market 2024

Saffron Global Market 2024

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.

Iran

Yearly time series of saffron export data, released by Iranian Customs Administration (IRICA), shows that Iran has exported average 88 MT to GCC countries, almost 18% of import volume based on our previous post.

saffron import statistics from Iran

Saffron import statistics from Iran until May 2024

Although Iran is so near to all GCC countries, but our market share is low or it seems like. We will try to solve this issue in the upcoming year.

Dubai

saffron wholesale

Saffron wholesale in 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 Price Trends (UAE)

Saffron prices in the UAE fluctuated over the past few years. After dropping to a low of $420.08 per kg in 2019, they surged to $1040.82 per kg in 2020.

Market trends suggest prices likely stayed around $950.28 per kg in 2021 and may have increased slightly to $1100.00 per kg in 2022.

Due to saffron’s value and potential supply limitations, prices could reach $1200.00 per kg in 2023 and remain high around $1750.00 per kg in 2024. It’s important to remember that these are just estimates and predictions, and actual prices may differ.

YearEstimated Price (USD per kg)Status
2019$420.08Lowest
2020$1040.82Increase
2021$950.28Stable
2022$1100.0Slight Increase
2023$1200.0

Slight Increase (Frostbite)

2024$1750.0Predicted (Highest)

Here’s a glimpse into saffron price changes in the UAE from 2019 to 2024:

  • 2019: Prices dipped to a low of $420.08 USD per kg.
  • 2020: A significant jump occurred, with prices reaching a high of $1040.82 USD per kg.
  • 2021 : Market trends suggest prices likely remained stable around $950.28 USD per kg.
  • 2022 : A slight increase has happend, pushing the price to around $1100.00 USD per kg.
  • 2023 (Frostbite) : Due to saffron’s value and lower supply due to frostbite of Iranian saffron farms constraints, prices reached $1200.00 USD per kg.
  • 2024 (Predicted): Prices are expected to remain high, potentially around $1750.00 USD per kg.

Heads Up: These are estimates and predictions based on market trends. Actual prices may vary due to different factors.

This analysis provides valuable insights into the historical and potential future trajectory of saffron prices in UAE. Keep in mind that the market can be unpredictable, so it’s always wise to stay updated on current pricing information before making any purchasing decisions.

 

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.

Summary of price changes in 2024

MonthHijriPrice / سعر
Januaryجمادی الثانیة1400 دلار
Februaryرجب1445 دلار
Marchشعبان1460 دلار
Aprilرمضان1465 دلار

The Effect of Ramadan on the Price of Saffron in Muslim Countries

The holy month of Ramadan holds a special significance for Muslims around the world, marked by fasting, prayer, and reflection. During this sacred time, the demand for saffron often experiences a notable surge, particularly in regions where saffron is an integral part of traditional culinary and cultural practices.

Why the use of saffron increases in Ramadan?

The effect of Ramadan on the price of saffron can be attributed to several factors, including increased consumption for culinary purposes, the cultural significance of saffron, and fluctuations in supply and demand dynamics.

One of the primary reasons for the rise in saffron prices during Ramadan is the heightened demand for saffron-infused dishes prepared for iftar, the evening meal to break the fast. Saffron, with its rich flavor, vibrant color, and aromatic properties, is a staple ingredient in many traditional Ramadan recipes, such as biryanis, desserts, and beverages.

As families and communities gather to share meals during Ramadan, the demand for saffron surges, leading to increased competition for limited supplies and driving up prices in saffron-producing regions and markets.

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 Bread: Sweet, golden saffron bread is filled with cinnamon-sugar and studded with tart red currants.
  • 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 >>>

This article was updated by :

26Comments

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  11. Bita Amri February 6, 2024

    How much is one kilogram super negin worth?
    Please send me an email

    1. Vahid Epagloo February 6, 2024

      Our sales will be in contact with you soon.

  12. Hossain Wahed February 6, 2024

    how much is saffron per gr in dubai?

    1. Vahid Epagloo February 6, 2024

      please check the email our sales have sent you.

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  20. sara hosseini March 28, 2024

    Hello

    I am an exporter of saffron to Europe
    And my colleague in Europe is ready to cooperate with you buyers
    Please send your order to the email below
    to coordinate with my colleague in Europe

  21. Talyasem March 30, 2024

    Saffron price is a changing rate, but your predictions were always on point.

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