The world’s biggest contract for saffron trade was signed between Iran and Qatar on Sept 18, in the presence of Iran’s Ambassador in Doha Hamidreza Dehqani-Poudeh and Qatar’s Finance Minister Ali bin Ahmed Al Kuwari.
As per the contract, 200 tons of saffron worth $300 million will be processed and exported from Iran to the neighboring Qatar, with the first consignment scheduled for Oct. 1.
Kuwari said in the meeting that Qatar is ready to cooperate with Iran in processing saffron on par with global standards.
Experts believe this contract is one of a kind and can have positive impact on Iran’s domestic saffron market and help export processed saffron, creating value added for the precious Iranian spice.