Mohammad Javad Rezaie, Head of Iran’s Saffron Exports Development Fund evaluated the current saffron market as ‘satisfactory’ and estimated its worth at $2000 per kilo; “this shows that considering the increase in saffron production in the country, the sales figures are satisfactory both in domestic and foreign markets,” he said.
“Following the implementation of the nuclear deal between Iran and the 5+1, certain European countries such as Spain expressed their interest in purchasing Iranian saffron directly,” he said.
Rezaei explained that with the sanctions having been in place for years, the export of saffron to European countries had faced a lot of limitation and went through a drastic decline, since the banking sanctions posed many difficulties for the money transfer.
