TEHRAN, Jun. 01 (MNA) � An official said Iran has exported more than 10 tons of saffron worth 15 million dollars in the first month of the current Iranian year (March 20-April 19, 2016).


Deputy Head of Iran's Union of Sellers and Exporters of Saffron Gholamreza Miri said �a total of 10.344 tons of saffron was exported in the timespan of March 20 to April 19 indicating a 10-percent growth as compared with the same period a year earlier.�

�The amount of exported saffron in the time period amounted to about 15 million dollars,� highlighted the official saying �fortunately, domestic market conditions have also improved.�

Miri said the fluctuations in saffron prices have stopped over the past 40 days adding �at the present time, demand and supply have reached a balanced condition.�

The official pointed out that price stability will lead to increased export; �should the priced not be fixed, exporters will not take the risk to purchase and export the product due to greater likelihood of losses.�

Miri further maintained that saffron prices will be reduced in August or September before the beginning of the harvest season.

By Mehr News Agency