1. Saffron
Price per pound: $500 – $10,000 depending on the quality
Dubbed “The King of Spices,” saffron is the most expensive spice in the world. Production of saffron is a very laborious process since stigmas have to be hand-picked and it takes around 200,000 stigmas to produce one pound of saffron. The plant itself requires warm and sunny weather to thrive, so it is not easy to grow saffron everywhere in the world. It has a very strong taste, and a tiny quantity of saffron will add amazing flavor to your food. This luxurious Persian spice is also called “red gold” because it can cost even more per gram than precious metal. I believe we definitely have a winner for our list of most profitable crops in the world.
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