Production plummets to 5-10%, prices surge by 20%
Srinagar, Nov 20: Kashmir’s world-famous saffron sector is facing one of its toughest years in recent memory, with production dropping drastically to nearly 5–10% of the usual yield. As a result, saffron prices in the market have surged by around 20%, and traders fear the rates may climb even further in the coming weeks.
Growers and traders attributed the crisis to prolonged dry spells, erratic weather patterns, and shrinking traditional saffron fields—factors that have collectively dealt a heavy blow to this centuries-old industry.
Muhammad Ashraf, a saffron grower from Pampore, often called the ‘Saffron Bowl of Kashmir’, said this year’s output has left farmers devastated. “We have never seen production fall to this extent. Most of us harvested barely a few grams. If this continues, many growers will have no option but to abandon saffron farming,” he said.
Another grower, Haleema from Lethpora, said the low yield has pushed many families into financial distress. “Saffron is our main livelihood. With only 5–10% produce this year, we are unsure how to manage daily expenses. We request the government to intervene immediately before this crop disappears from Kashmir,” she said.
Traders dealing with saffron say that the supply shortage has already led to a noticeable spike in prices. “Prices have jumped by nearly 20% in just a few weeks. If the market continues to receive low stocks, we may see another surge soon,” said Bashir Ahmad, a trader in south Kashmir’s Anantnag district.
He added that buyers, especially from outside Kashmir, are already expressing concern about limited availability.
Another trader, Imran Rather, said the demand is stable, but the supply is extremely low. “This imbalance is pushing the rates up. We are worried that saffron from other countries might capture the market if local production keeps declining,” he said.
Saffron growers have appealed for urgent government assistance, including measures to ensure proper irrigation, protect land from conversion, and strengthen the Mission Saffron project.
“We need scientific support, better irrigation systems, and strict action against land encroachment. Without government help, the saffron industry of Kashmir is at serious risk,” said Abdul Majid, a grower.
Stakeholders also urged authorities to compensate growers who suffered heavy losses this season—(KNO)
