Why is saffron (Kesari) so expensive?

 

Sometime in January, there was an event ‘Horti Sangam’ at Lalbagh, Bangalore. During the event, fruits and vegetables from 14 states were on sale. In one of the stalls, the vendor was selling saffron (KESAR or Kesari) from Kashmir – original! When I asked about the price, he said Rs.250 per gram! Which means price per kg of saffron is Rs.250000?

 

So, can we confidently say that Saffron is the costliest spice on earth? Yes. It is.

 

From where do you get it and what are its uses?

 

It is derived from the dry stigmata/flowers of the plant ‘crocus sativus’. The dried stigmas are used mainly as a coloring agent in food. It also has medicinal values. Saffron and sandal pastes are often used to anoint idols and statues. It is also used in many rituals in temples.

 

Saffron is a native of Greece and cultivated in countries like Spain, Austria, France, Greece, England, Turkey and Iran. In India, it is cultivated in Jammu & Kashmir. Iran produces over 90% of the world’s saffron.

 

It is estimated that 1 lakh flower is required to produce 1 kg of saffron. In terms of area, for every 2.5 acres (one hectare) Half kg of saffron is grown!

 

Interesting information, isn’t it?

  

Thought for the day

Encouragement and words of kindness are gifts you give that can be priceless, yet costs nothing.

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About B E Kumar Prasad

He is a Practicing Chartered Accountant in Bengaluru, India. He has 28+ years of experience in income tax, business setup, and NRI matters. He is also an Insolvency Professional, Registered Valuer (F&SA) and Social Auditor.Prasad welcomes your comments and questions. Please email him at simplifiedlaws20@gmail.com

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