Saffron exporter2/2/2024 One of the world’s most expensive spices by weight, saffron is globally sold in grams. Some instances of saffron cultivation have been reported recently in Himachal Pradesh and Uttarakhand. In India, saffron is exclusively cultivated in Jammu & Kashmir until now. More than 92% of Iranian saffron is cultivated in Khorasan province. Iran produces more than 90% of the world’s total production of saffron. The world’s total production of dried saffron is estimated to be around 325 tonnes a year. Saffron is currently being cultivated in Iran, India, Afghanistan, Spain, Greece Italy, Turkey, France, Switzerland, Israel, Azerbaijan, China, Egypt, UAE, Japan, Iraq and recently Australia ( Tasmania). For emerging producer nations such as Afghanistan, it remains a challenge to find a niche in the market independent of the existing distribution channels controlled by re-exporters. The latter applies as well to the Islamic Republic of Iran, maintains well-established trade networks. The main value of the world’s saffron harvest is captured by re-exporters in countries such as Spain, France and Italy, who have sophisticated, well-established packaging methods and distribution channels. Saffron, unsurprisingly, is one of the world’s most expensive spices, and when it intersects with global politics it also lends itself to a fascinating history of underground trade. ![]() One stigma of saffron weighs about 2 mg and on an average each flower has three stigmata, so near about 150,000 flowers must be picked one-by-one in order to produce 1 kg of the spice. In food, saffron is used as a flavouring agent, spice and yellow food coloring, which makes it one of the most preferred spices for consumers.Īpart from that, saffron is also used as a dye, spice, fragrance and for medicinal purposes. Saffron is heavily demanded by consumers due to its application in the food and beverage industry, which is anticipated to be a significant factor driving growth of the global saffron market. The name ‘saffron’ is a derivative of the Arabic “zá-faran”, which means ‘be yellow’. Saffron is one of the world’s most distinguished and rare agricultural products cultivated as a source of spice for at least 3,500 years. But as a saffron exporter, India is ranked twelfth among global saffron exporters. After the Islamic Republic of Iran, India ranks as the second-largest producer of saffron, with the spice cultivated primarily in the Kashmir region.A number of prestigious re-exporters such as Spain, France and Italy add value to Iranian bulk imports and resell the saffron at a higher price.The Islamic Republic of Iran produces more than 90% of the world’s saffron and accounts for 70% of global exports.World exports of saffron escalated at a CAGR of 14.55% from 2014-2018 in value terms indicating a massive increase in global demand.
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