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Pistachios: coronavirus prompts drastic shift in prices

February 10, 2020 12:43 PM, Der AUDITOR
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TEHRAN. Iran witnessed a drastic decline in pistachio exports last year. Although shipments have recovered this season so far, market players are not quite satisfied with the recent developments. The coronavirus is having a considerable impact on prices.

Exports need to recover further

At 13,710 metric tonnes January exports are up 316% over last year. Overseas shipments have even risen by as much as 406% over last year since the beginning of the harvest season at the end of September and range at 57,842 metric tonnes. However, it should be noted that the market witnessed a sharp decline in production in 2018/2019, which weighed on exports. Exchange rate fluctuations and the US sanctions also impeded trading in Iran. Although exports have recovered since last year, they still range 35% lower than two years ago as Ir

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