Diesel Prices Rise Due To Iran Conflict
Iranian saffron exports face challenges due to ongoing war and shipping disruptions. US sanctions are causing indirect consequences, leading importers in countries like Spain to re-export the product after repackaging. The Iranian Minister of Agriculture stated that current food commodity reserves are higher than at any other time in previous years. This announcement comes during a period of regional tension. The report was shared by Hazem Klass from Tehran. Saffron prices in the Iranian market have experienced a sharp increase. According to the Financial Times, the price rose from 1.2 billion toman to approximately 2.2 billion toman. This represents a jump in value within a short period. The market is currently described as being in a state of volatility. Gold prices in Iran have risen to approximately 2.5 billion toman per unit.
Topics
Developing
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Sources · 7 independent
“due to the ongoing war and shipping disruptions, and indirect consequences because of US sanctions, intermediaries and importing countries of Iranian saffron are re-exporting it after repackaging, such as Spain, one of the largest importers.”
“importers of Iranian saffron are re-exporting it after re-packaging it, such as Spain, one of the largest importers”
“بل لغيا بالبديد للحديث عن أزمة صدرات إيران من الزعفران يضل الحل وإن كانت تحدثت أنه يشكل 90% من الصادرات العالمية”
“بل لغيا بالبديد للحديث عن أزمة صدرات إيران من الزعفران يضل الحل انه يشكل تسعين بالمئة من الصادرات العالمية أو الصادرات التي تأتي بالإيرانية من العالم فتسعين بالمئة يعني وعتبر احتكار نوعاً”
“There are more than 200,000 workers working in the field of saffron in Iran, while in Morocco it is considered some charitable associations.”
“the Minister of Agriculture says in a statement a short while ago that Iran's reserves of basic food materials at this time of year exceed reserves at any other time in previous years.”
“The price of saffron in the market has seen a jump... according to the Financial Times, it went from 1.2 billion toman to 2.2 billion toman.”
“The price of gold has reached 2.5 billion toman. The Financial Times reported that in one week it went from 1.85 billion to 2.5 billion toman.”
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