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A large quantity of flowers need to be processed in order to yield marketable amounts of saffron. Obtaining 1 lb (0.45 kg) of dry saffron requires the harvesting of some 50,000 flowers, the equivalent of an association football pitch's area of cultivation, or roughly 7,140 m 2 (0.714 ha). [25]
Saffron prices at wholesale and retail rates range from $1,100–$11,000/kg ($500–$5,000/lb). In Western countries, the average retail price in 1974 was $2,200/kg ($1,000/lb). [ 8 ] In February 2013, a retail bottle containing 1.7 g ( 1 ⁄ 16 oz) could be purchased for $16.26 or the equivalent of $9,560/kg ($4,336/lb), or as little as about ...
The fourteen-week-long "Saffron War" was ignited when one 800 lb (363 kg) shipment of saffron was hijacked and stolen by nobles. [57] The load, which was en route to the town of Basel , would at today's market prices be valued at more than US$ 500,000. [ 58 ]
Due to its high price, it is mostly used while cooking for special occasions as well as in some Moroccan high-end recipes like the pastilla. Other Moroccan dishes cooked with saffron include some types of tajines, kefta (meatballs with tomato), mqualli (a citron-chicken dish), and mrouzia (succulent lamb dressed with plums and almonds). [12]
India on Tuesday delayed the implementation of market share caps for a popular digital payments method by two years, a move that will benefit Google Pay and Walmart-backed PhonePe. According to ...
Saffron is a spice derived from the flower of the saffron crocus, a species of crocus in the family Iridaceae. The flower has three stigmas, which are the distal ends of the plant's carpels . Together with its style, the stalk connecting the stigmas to the rest of the plant, these components are often dried and used in cooking as a seasoning ...
Crocus sativus, commonly known as saffron crocus or autumn crocus, [2] is a species of flowering plant in the iris family Iridaceae. A cormous autumn-flowering cultivated perennial , unknown in the wild, [ 2 ] it is best known for the culinary use of its floral stigmas as the spice saffron .
Pampore is known for its cultivation of saffron, with the broader region around Pampore being responsible for 90% of India's saffron crop, though production as of 2023 has declined due to higher temperatures and erratic rainfall. [10]