8000 dirhams per kilogram.. saffron is Dubai’s profitable trade

8000 dirhams per kilogram.. saffron is Dubai’s profitable trade
8000 dirhams per kilogram.. saffron is Dubai’s profitable trade

Saffron, “red gold” or “flower of happiness” are several names for a type of spice that has been of very high value throughout the ages. It is the oldest and most expensive spice in the world, as it is sold by grams as gold. is a regional center for the saffron trade, and the local price of a kilogram of it ranges between 4000 and 8000 dirhams, while the price increases in fines, and the global price of saffron reached 1,400 dollars (5,125 dirhams) last November.

8000 dirhams per kiloA field tour of the “vision” of Dubai’s popular markets showed a great discrepancy in the prices of saffron among the shops, as the price per kilo ranged between 4000 and 8000 dirhams in bulk, although the source is the same.

The sales official at the “Saffron City” store for general trade said that the markets include 3 types of saffron that vary in price according to their quality. grams for 1,100 dirhams, but merchants give a discount on the quantities, warning that some merchants cheat saffron using industrial materials harmful to health, calling on buyers, especially tourists, to be careful while buying it.

Quality and availability

In turn, an official at the “Star of Saffron” shop, Muhammad Abdullah, said that the prices of saffron vary in prices according to its quality, the best of which is “Super Negin” and the price of 10 grams is 80 dirhams, and the price of a kilo reaches 5200 dirhams, at wholesale discount, and there is another type called “Abu” saffron. Shaybah», the price of 10 grams reaches 60 dirhams, and the price of a kilo is 4200 dirhams, and it is the cheapest type of saffron, and it may be sold at a lower price.

As for the sales official at the “Arabian” store, Abdel Moneim Ahmed, he said: The prices of saffron vary, depending on its availability. Due to its abundance today, and despite its high prices, it is considered the main material in preparing the most famous international foods and sweets.

Regarding the most famous types available in the market, he mentioned that there are 3 types: the best of which are “Zahra” saffron, in addition to “Bushal” and “Abu Shaiba”.

The most popular Chinese

An official at the “Najm Al-Ras” store said that the current time is the most appropriate time to buy saffron due to its low prices, expecting that prices will rise in the coming months, up to the month of Ramadan, at a rate of between 20 and 25%.

He pointed out that saffron lovers belong to several nationalities, but the Chinese are the most popular with it, as it constitutes an essential element in many dishes of Chinese cuisine, followed by the citizens and Omanis, for its health benefits and its entry into many varieties in the popular Gulf cuisine, in addition to some European tourists who Saffron enters their culture, where it is used in preparing dishes for wedding parties, explaining that the price of a kilo of saffron (Abu Shala) reaches 4000 dirhams, and saffron (Naqeel) 4500 dirhams, and there is saffron (Super Naqil) whose price reaches 6000 dirhams.

re-export center

For his part, a sales official at the “King Spice” store said that the local market is one of the largest importers and consumers of saffron, pointing out that Dubai is a center for re-exporting products to several countries, which means that any increase in prices negatively affects the volume of sales locally.

He stated that the markets include 3 types of saffron, varying in price according to their quality, the best of which is “Super Neqil”, the price of 10 grams of which ranges between 70 to 100 dirhams, followed by “Naqil”, which is of medium quality and is sold at a price ranging between 60 and 80 dirhams for 10 grams. Abu Shala is the cheapest type of saffron and is sold at a lower price.

The best Iranian

A sales official at the “Hilton Novi” store, who preferred not to be named, confirmed that Iranian saffron is of high quality compared to the quality of Indian saffron, so there is a great demand from tourists and citizens for Iranian saffron, whose price varies according to what is available in the market. In the market, it is Abu Shala saffron, whose price reaches 3,400 dirhams, and saffron is pure, and its price reaches 4000 dirhams, stressing that the price differs if it is sold by the gram than the price of the kilo, so the difference between them is great.

Iran and saffron

And the British newspaper “The Economist” reported in a recent report that although Iran’s share of the global saffron market is more than 90%, Iranian saffron traders did not benefit from the recent jump in prices, which was driven by increased demand after the Corona epidemic, due to drought. The high costs of shipping and the lack of labor, as it takes several hours to harvest and select one kilo of saffron.

The US sanctions on the Iranian economy have prompted traders to resort to non-Iranian intermediaries with complicated terms and payment procedures, and thus a kilo of saffron is transported by mail from the Khorasan region, which produces most of the saffron crop, to Dubai or Spain before it is distributed around the world.

cheating practices

Some traders mix saffron with the remains of flowers or other spices to increase its weight, which loses confidence in Iranian traders.

Last February, the Spanish police confiscated 400 kilograms of saffron, after dismantling a gang that imported spices from Iran and then mixed it with flowers and sold it as Spanish.

The police added that such operations caused enormous economic damage to the Spanish saffron industry, because it was not able to compete in prices, in addition to linking Iranian saffron traders with a stigma due to the spread of fake saffron.

Saffron is widely used in Spain, and is mainly used as a coloring and seasoning for traditional dishes, such as paella.

Export difficulty

A recent study commissioned by the European Union found that 11% of saffron available for sale within Europe may be counterfeit.

The report indicated that many of these matters may cause problems for Iranian traders. Waheed Jafari, an exporter of saffron, says that he is making a great effort to win the trust of dealers who are worried about receiving fake saffron, and on the other hand, other dealers who have bought Iranian saffron directly or through intermediaries are afraid of being listed Blacklisted by America. A British saffron importer said that every 6 months he received calls from Barclays Bank asking if he was dealing with Iran in the saffron trade.

It was not like this before, the Iranian saffron trade was easier in 2015, when Iran agreed to limit its nuclear activities in exchange for the lifting of international sanctions, but when former US President Donald withdrew from the nuclear agreement and re-imposed sanctions, it became more difficult for Iranian merchants.

“If you can export saffron from Iran at the moment, you are a superman,” said one of the traders in Tehran.

Fraudulent saffron can be identified by placing saffron sticks on a tissue wet with water and waiting for a few minutes. The original saffron maintains its red color without mixing with water, while adulterated saffron loses its red color and becomes white or yellow as soon as it is placed on the wet tissue.

Saffron sticks can also be placed in a glass of water, where the adulterated saffron is deposited at the bottom of the cup, while the original floats to the surface.

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