Majority of saffron comes from Iran. So it dominates the price of saffron. Saffron’s supply chain starts with a farmer and ends with a retail consumer. There are prices developed for every supply chain participant, whether you are a manufacturer, trader, importer, retail store, or a consumer.
The price is determined by the supply and demand. Weather conditions is the main player. If the there is too much or too little rain the yield will be small. This means the demand will be higher than supply and people are willing to contest for the saffron. They are willing to pay more. In long term there are other factors as minimum wage, technology, marketing costs, import tariffs, etc.
Saffron Supply Chain Participants
These are indicative prices as they are fluctuating in the market daily. There are also different types of saffron, namely negin, pushal, and sargol. These prices are derived from Iran.
Selling for €1100-2000
Selling for €1500-3000
Selling for €2000-4000
Selling for €4000-6000
5. Retail Store
Selling for €6000-9000