What is the price of saffron per kilogram/pound in United Kingdom (UK) today?
The retail price range for United Kingdom (UK) saffron is between US$ 1,290.77 and US$ 5,872.33 per kilogram or between US$ 585.38 and US$ 2,663.19 per pound(lb). Click here to see today's exact prices of saffron in United Kingdom (UK)
The retail price range in British pound sterling for saffron is between GBP 1,037.01 and GBP 4,717.87 per kilogram or between GBP 470.30 and GBP 2,139.62 per pound(lb) in London and Birmingham.
In 2023, the approximate wholesale price range for United Kingdom (UK) saffron is between US$ 903.54 and US$ 4,110.63 per kilogram or between US$ 409.77 and US$ 1,864.23 per pound(lb).
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United Kingdom (UK) Saffron Export Prices - Historical, Trends and Prediction
The export price per kilogram of Saffron from the United Kingdom over the last five years has been quite varied. In 2017, the price was 5.11 US dollars per kilogram, followed by a significant increase to 7.18 US dollars per kilogram in 2018. This was followed by a further increase to 10.00 US dollars per kilogram in 2019 and a peak of 12.67 US dollars per kilogram in 2020. The price then dropped to 6.68 US dollars per kilogram in 2021 and 5.94 US dollars per kilogram in 2022. Based on this data, it is predicted that the export price per kilogram of Saffron from the United Kingdom in 2023 will be 6.50 US dollars and in 2024 will be 5.80 US dollars.
United Kingdom (UK) Saffron Import Prices - Historical, Trends and Prediction
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Export values for United Kingdom (UK) saffron
The total values in export for saffron in United Kingdom (UK) were US$ 725, US$ 854 and US$ 860 in US dollar thousand for the years 2017, 2018 and 2019 in that order.
Why is saffron so expensive and what are the options?
Saffron is one of the most precious spices for a reason: According to Encyclopedia Britannica, it requires around 75,000 flowers to prepare a single pound of spice. On top of that, each plant has a bare minimum of spice per flower and besides, has to undergo manual harvesting.
The main uses of saffron range from making cooking spice to producing cloth dye. Though the first mention of the spice in a journal about saffron was in the 1550’s China, saffron used to make perfume in Rome and Athens many centuries earlier.
Options for buying this spice in the UK include:
Buy a few grams at whole single “saffrons” price: since saffron is sold per gram, then it is only reasonable to buy whole single saffrons at this minimal quantity.
Opt for UK saffron price per gram offers: the spice retailer Anna Saffron cites that the November 2023 per-gram price clocks between 3 Sterling Pounds and 5 Sterling Pounds. This is for premium saffron such as Iranian saffron UK.
Buy bulk quantity at per-kilo order: buying wholesale can sometimes make the difference, with the November, 2023 per-kilo price clocking around 1,100 Sterling Pounds.
In short, saffron is always experiencing an ever-fluctuating price and the cost can sometimes seem impossible. How you buy it today may seem a pittance compared to how it will cost tomorrow. So, keep a weather eye on the price and grab the cheapest opportunity available!