We have found some Spanish Buyers who are replacing at the 3500 EUROS per kilo level. So that needs to be clarified...
Also, we are told and have confirmed that there is a speculative fever involved in the markets with buyers in the Emirates, and elsewhere taking positions and holding product... Why? Anyone can guess... Your guess will be as good as mine.
What other sources are there for saffron: Well there is Morocco but quality and culture make it very hard to get anything that we could use... Kashmir is already short and vastly higher in price even yet...
The new possibility will be Afghanistan! Change your Poppies to Saffron! Quality has been said to be good but problems in export are large.
Anybody want to switch to powders? We are looking at this again...
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