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.
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.
Bulk Saffron Prices
|Saffron price per kg
|Iranian saffron price per kg
|price of saffron in Europe
|saffron price per kg in dubai
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.
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.
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.
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.
Frequently Asked Questions
The process of planting, keeping, harvesting, and processing saffron is manual and very costly.
There are main aspects to look for like price, smell and color. check out this article to understand how to tell fake saffron >>>