Saffron costs have reportedly spiked to ₹5 lakh per kilogram — the equal of 50 grams of gold — after India shut down commerce via the Attari-Wagah border in response to the latest terror assault in Pahalgam.
The transfer has successfully lower off saffron imports from Afghanistan, triggering a pointy 10% price surge in simply 4 days.
In line with a report by The Financial Instances, Afghan saffron shipments have come to a standstill. Retailers and wholesalers are reporting acute provide stress, particularly for top-high quality saffron that had been getting into India through the now-closed land route with Pakistan.
India consumes an estimated 55 tonnes of saffron annually. Whereas a portion of this comes from Kashmir — recognized for its premium-grade kesar — a big share is imported from Iran and Afghanistan.
Afghan saffron is particularly valued for its intense color and aroma, whereas Iranian saffron presents a extra economical choice. With Afghan provide choked off, even the price of Iranian saffron has risen by 5%, the report notes.
The saffron market usually presents three main varieties:
- Mongra (Kashmiri) – deep crimson, strongest flavour and highest price
- Lacha (Kashmiri) – consists of elements of the type, barely decrease energy
- Pushal (Afghan, Iranian) – lighter strands with some yellow, extra inexpensive
The timing is especially essential. Home harvests from Kashmir peak solely in late autumn, and the present squeeze might drive costs even greater throughout the upcoming marriage ceremony and festive season.
As The Financial Instances factors out, the price rally underscores how shortly geopolitical tensions can spill over into client markets — particularly with regards to one of the world’s most prized and delicate spices.
Source link
#Saffron #grams #Gold #Pahalgam #fallout #triggers #record #surge #price #India #Saffron #grams #Gold #Pahalgam #fallout #triggers #record #surge #price #India #BusinessToday
