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Drought trebles prices of Iranian saffron

This article was originally published in The Public Ledger

IRANIAN saffron prices have trebled since last year due to shortages caused by drought "The Iranian harvest used to come in at about 200 tonnes per year, " said Ali Saber-Sheikh of the London-based Iranian company Hassas. "Even though they have increased production, drought has left them short, hence the high price." Current estimates are that the total 2006 Iranian crop came in at just 90 tonnes, compared with the usual average of at least double that figure.

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