According to the Shahr-e-Bourse, on Tuesday, November 11, the saffron market of the Commodity Exchange witnessed an increase in transactions in various sectors, and 48 kilograms of Negin saffron were traded in 487 futures contracts worth 10.7 billion tomans.

Increase in commitment positions in the saffron futures market

In yesterday’s trading, the increase in open commitment positions for the July maturity led to an increase of 218 new positions in the Negin saffron symbol; an issue that indicates an increase in traders’ willingness to participate in the futures market for this product.

Significant growth in saffron fund transactions
In the saffron commodity funds sector, 47 million 643 thousand 418 units were traded, worth 200 billion tomans. An examination of the composition of participation shows that real activists in the Saharkhiz fund were 78 percent buyers and 91 percent sellers. In the Nahal fund, this participation was also recorded as 36 percent for buying and 99 percent for selling.

Increase in saffron deposit certificate transactions

In the saffron deposit certificate market, 795 thousand 121 certificates were also traded, worth approximately 142 billion tomans. About 61 percent of the value of these transactions was for new-brand saffron.

The increase in transactions across all segments of the saffron market on the Commodity Exchange, from commodity funds to futures contracts, indicates growing investor interest in this high-potential export asset.