Price of saffron in 2024

In today’s ever-evolving saffron landscape, we face unique challenges in January and the price of saffron in 2024 February months.

Discover the Saffron Market: Navigating January and February with King Business Company.

Saffron market 2024

The saffron market encounters occasional dips and recessions due to various factors.
These fluctuations have a ripple effect on both sellers and buyers, impacting the market dynamics.

What Leads to These Market Challenges?

Seller’s Strategy: Some saffron sellers may choose to hold onto their product, anticipating a price improvement.

Customer Behavior: Customers, on the other hand, might postpone their purchase, awaiting price movements or potential price reductions.

The Impact of Market Fluctuations

These dynamics can result in reduced buying and selling activities, disrupting the flow of funds within the saffron market.
This situation can lead to added stress for saffron farmers, especially during the harvest season.

Government Intervention and Its Consequences

In response to market turbulence, a government entity decided to supply saffron to the stock exchange during the harvest season.
This move triggered significant market fluctuations and drew criticism from some government members and the Islamic Council.

Price of saffron in 2024

During these two months, the saffron market experienced price fluctuations, especially in the virtual space, social networks, and various websites.
Consequently, buying and selling saffron might be postponed during this period.
The price of saffron in 2024 between 2310 – 3500 $ is.

Today’s Saffron Price

As of now, the price of saffron per gram ranges between 6 – 8 $.
For real-time saffron prices and purchase inquiries, don’t hesitate to reach out to our dedicated colleagues.

King Business’s Resilience Strategies in Times of Recession

During these challenging times, King Business Company has shifted its focus towards foreign markets and saffron exports.
Our company now emphasizes stable markets like Europe and America and actively engages with foreign customers through meetings and negotiations.

A Glimpse into the Future Saffron Market

Given the saffron market’s performance in January and February, along with reduced transactions, farmers might face liquidity issues during these winter months.
This situation offers a unique opportunity for brokers to enter the market.

Analyzing the Saffron Market in the Upcoming Months

This situation is expected to persist until 2024.
However, saffron prices are likely to remain relatively high overall.

The Current Saffron Price per Kilo

Presently, 1 kilo of saffron is priced at 2590 $.
While the saffron market in November remains relatively stable, the specific price is subject to market conditions.