1. SAFFRON PRICE COME FROM LOW CROP COLLECTION IN 2014
Each year, between the months of October and November, saffron is harvested from the fields. The end of the summer brought low availability of the product in the market and, therefore, prices rose. With the new crop, it is difficult to tell where the price will go next. It all depends on how successful the harvest is. This should be noticeable by the end of November.
At this moment, farmers are still unsure about their predictions on the yield of this year’s harvest; it is too soon, they claim. At the moment, prices are still increasing for saffron from the new crop, as the quantities for this are still very low; as time goes on, the price of saffron from the new crop will come closer to that of old saffron from last year’s. Below, for this issue of the Saffron News, we include a summary of the process of harvesting the saffron.
2. A FESTIVITY TO JOIN
This last week, the 1st Festivity of Saffron was held in Castilla-La Mancha. This event was meant to bring attention to the spice, its history and market and it did so successfully, with high rates of attendance on all the main events and conferences.
During the second half of October and the first half of November, most towns and villages with a tradition in saffron celebrate the arrival of the new crop locally, the most famous being that in Consuegra.