Agricultural #saffron#prices
From Khorasan to Kashmir: Saffron Prices Surge Amid Global Supply Squeeze from West Asia Conflict
Kashmiri saffron prices have surged to ₹340-₹350/gm from ₹200-₹250/gm a year ago, driven by the West Asia conflict disrupting Iranian supplies — Iran accounts for 90% of global output — and a sharp decline in local Kashmir yields. Traders and the Saffron Growers Association report production fell to 5-10% of normal last year, pushing GI-tagged saffron to ₹380/gm and raising Iranian saffron prices to ₹190-₹200/gm. Prices are expected to remain firm amid continued supply chain uncertainty.
Jun 14, 2026 1 source