Iran to Develop Saffron Commodity Fund: Deputy Minister
An official of Agriculture Jihad ministry said the ministry by adopting a national road map for saffron, is going to parallel surveying of both domestic and abroad markets of saffron.
Hossein Shirzad, who is also the chief executive officer of the Central Organization for Rural Cooperatives of Iran (CORC), implies that CORC through the development of a legal entity will facilitate integrated management of the saffron value chain.
"Non-membership of Iran in the WTO has been forcing Iran to sell saffron in bulk. Moreover, lack of an official reference for pricing, and weak logistic are significant challenges of capturing the saffron market for Iran." Shirzad added.
By the development of the saffron commodity fund, the collected deposits will be concentrated on the development of an integrated marketing system for saffron. Meanwhile, this fund delivers several benefits to investors including portfolio diversification, protection against inflation and dumping and facilitating potential financial growth.