Financial Tribune - Iran exported 40 tons of saffron during the first three months of the current Iranian year (March 21-June 21) to witness a decline of 15% compared with last year’s corresponding period.

According to Ali Hosseini, a member of Iran's National Saffron Council, the price of Iranian saffron on global market currently stands at €700-1,000 per kilogram, ILNA reported.

The price range indicates that Iran’s saffron exports were worth €28-40 million in Q1.

Iran is the world’s biggest producer of saffron and accounts for more than 90% of global production.