Why Saffron prices change everyday?!
Fact – In terms of weight, Saffron is worth more than gold! Little is it known that saffron is part of the international trade and its price is be determined by world events such as natural disasters, economic crashes and political movements. The price of saffron changes daily and trends occur during the months that there a both large amounts and smaller amounts of saffron on the market.
Depending on the type of the Saffron and where it was cultivated, 1 kilogram can cost anywhere from $1300 – $7500.
Similar to resources like gold and oil, Saffron can only be found naturally in certain parts of the world. Saffron can be found growing throughout all of the continents except Antarctica. Although it is grown internationally, over 95% of saffron is produced in Iran in the Khorasan Province. There is band from 30 to 60 degrees latitude, from Iran to Spain, where nearly all Saffron is grown due to the cool Mediterranean climate. Saffron will only grow in soil with great drainage and cool weather conditions that are assisted with constant sunshine during the day, otherwise it will either rot or underdevelop.
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The expensive price of this luxurious spice is solely due to the extensive process in which it is produced. It involves keeping the soil nutritious and well drained, handpicking the stigmas out of each flower and drying it. It is estimated that 180,000 flowers, each containing 3 delicate stigmas, are required to provide 1 kilogram of saffron, regarding it as the most laborious spices to harvest in the world.
Saffron is definitely one of the most unique and exclusive spices in the world. Its market is undeniably on of the most prosperous on the international trade and people all over the world will pay thousands to get their hands on a quality and somewhat unreachable grade of saffron. To buy quality saffron, see our beautifully packaged saffron packs full of health goodies.