newssaffron daily price

Saffron price in the Iranian market; What is happening in the saffron market?

Uniform reduction of saffron prices in all markets

In recent days, with the increase in the dollar rate in the Iranian market, the price of saffron in dollars  has decreased. With the recent changes, pooshal saffron is traded at an average of $ 260 per kilo and Negin saffron is traded at an average of $ 357 per kilo. Of course, these prices are related to the spot. In the commodity exchange, however, the prices are different. For a long time, the price of saffron in the commodity exchange is more than the spot. As can be seen in the table, Negin saffron in the futures market is $ 21 per kilo higher than the price of the same product in the spot. In the Certificate of Deposit market, of course, this is a minor difference; However, it is still more expensive than the spot.

In Negin saffron, however, the price difference in these two markets is much greater. The price of Negin saffron in the certificate of deposit is approximately $ 30 and in the futures market it is more than $ 80 more than the price of the same product in the spot.

Finally, the index of pooshal saffron in all Iranian saffron markets, including spot and commodity exchange, is $ 241.1 and Negin index is 346.8. Therefore, this issue generally means a decrease in the price of saffron in dollars  in the Iranian market.

 

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