Why Saffron Is More Expensive Than Gold ?

Why Saffron Is More Expensive Than Gold ?

Why Saffron Is More Expensive Than Gold 


The main reason for the high price of saffron is the low production of this plant. 

One of the most valuable and precious products among Iran's agricultural products is the wonderful saffron plant. The first saffron farms were established during the reign of the Medes in Hamedan, Borujerd and Kermanshah provinces

 

Today the herb is also used as a cooking spice and a clothing dye. It’s now an essential part of some Eastern, Middle Eastern, and European dishes, such as the French bouillabaisse, Spanish paella, Moroccan tagines, and many more dishes. Saffron, however, is a very expensive spiceIts costliness has to do with its harvesting. Only a small amount of each saffron flower is used, and all harvesting must be done by hand.

There are only three stigmata in each saffron flower. Once the stigmata (and their red pistils) have been separated from the plant, they are dried to preserve their color and flavor. Since such a small part of the flower is used, it takes 75,000 saffron flowers to make one pound of saffron spice. The small amount of saffron spice per plant, along with the fact that harvesting must be done manually, leads to saffron’s being majorly expensive.

In addition to the difficulty of harvesting saffron, planting it also has many challenges. Saffron flowering occurs only in the early months of autumn and this plant needs direct light, warm air and fertile soil. Iran, Italy and Spain are the largest producers of saffron in the world and Iran alone supplies 90% of the world's saffron.

 

Exporters and Importers

In 2021, the top importers of Saffron were China ($35.6M), Spain ($31.4M), Saudi Arabia ($26M), India ($21.9M), and United States ($16.9M).

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