Canadian vertical farm targets Afghan saffron market amid drought pressures
What happened
Vikash Sangwan, who runs Saffron Box in Canada, is seeking early investors and partners to deploy his vertical farming technology in Afghanistan to create a new saffron market stream. This effort comes as climate-change-induced droughts have caused secondary saffron markets in Afghanistan and India to decline.
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Why it matters
Saffron is one of the world's most expensive spices, routinely selling for up to $18,000 USD per kilogram wholesale. Global supply is heavily concentrated, with approximately 90 percent of saffron originating from Iran.
Both England and Afghanistan historically produced saffron.
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Who's involved
- AfghanistanThe target market for the new saffron stream
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- AfghanistanSpeculative
Droughts could impact agricultural revenue in Afghanistan.
- Ministry of Water and EnergySpeculative
Droughts might increase operational costs for the Ministry of Water and Energy.
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The entities involved
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Afghanistan
country in Central and South Asia