Ahead of the new crop, Iran has solidified control over the global markets. They are withdrawing offers when prices fall below €1,500 per kilo for standard grades. This is about 6 % higher than the beginning of the month with decreases in harvest quantities (see article) and with the price manipulation as the Iranian coop controls a solid amount of the international market.
Obviously this only goes so far as demand falls... and there is not lots of saffron to sell anyway so I don't think we'll see any declines (except perhaps for FOREX) through the next few months and with the new season...
I advise shipping at current prices to cover only HOLIDAY needs for now... Suppliers are relatively short.
19 September 2008
Seasons to Everything, Right?
I apologize for the delay in updating this and other BLOGS.
Those of you who know me are aware of the change in my life I recently experienced. I truly appreciate all their support and love over the last several weeks.
All is well and I promise to get back to work on as many things as possible!
Those of you who know me are aware of the change in my life I recently experienced. I truly appreciate all their support and love over the last several weeks.
All is well and I promise to get back to work on as many things as possible!
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