While we had hoped that the Saffron Market would loosen up, we advised last year that the high prices we were seeing may be the best of what was to come...
Boy we were right. The market has ROCKETED up from the first of the year. Here is what we are told so far:
Last crop (Fall 2008) was forecasted short 40% and was that and shorter!
Prices have gone up in non stop increase since early 2006. Looks to have accelerated.
Current price for raw saffron euros 3500 per kilo. .... This is a figure never seen before in all the collective years of all of us!
Spain has stopped importing saffron [or is preparing to do so] as the market seems not to be ready to accept prices figured out at such raw material level. Though who knows...
Limited inventories at Blue Planet Foods requires an immediate advance in prices upwards of 75%... Please check with us for specifics.
More when more is available.
1 comments:
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