Pistachios: decline in global production
November 1, 2022 at 12:03 PM,
Der AUDITOR
INC cuts production estimates
While the INC initially anticipated a 5% rise in global production to 815,010 mt in July, this figure is now expected to decline by 4% to 741,360 mt. The cut is mainly attributed to developments in California, where the harvest did not hold up to expectations. While the INC initially projected California’s inshell production at 470,000 mt, present estimates only range at 363,000-409,000 mt (800-900 million pounds). Excessive heat and drought also spell disaster for quality here. The INC has, in addition, cut estimates for Spain from 3,500 mt to 3,000 mt as drought and late frosts impacted blooming and ripening here. Estimates for China have also been cut from 800 mt to 600 mt meaning that production will decline by 50% this year.
By contrast, the INC has revised production estimates for Turkey, Greece and Australia upwards. Turkey’s production is even expected to more than triple to 200,000 mt as farmers are investing in quality and infrastructure. Prices are, however, by no means competitive. Weather conditions have also been ideal in Australia so far and new orchards will give production a boost in 2023.
|
Global pistachio production, in-shell basis, in mt |
|||
|
Country |
2021/22 |
2022/23 |
Diff |
|
USA |
528,000 |
386,000 |
-30.3% |
|
Turkey |
68,000 |
200,000 |
194.1% |
|
Iran |
135,000 |
115,000 |
-14.8% |
|
Syria |
22,000 |
19,500 |
-11.4% |
|
Greece |
7,200 |
10,000 |
38.9% |
|
Australia |
2,300 |
3,700 |
60.9% |
|
Spain |
2,700 |
3,000 |
11.1% |
|
Afghanistan |
5,900 |
2,360 |
-60.0% |
|
Italy |
1,000 |
1,200 |
20.0% |
|
China |
1,200 |
600 |
-50.0% |
|
Total |
773,200 |
741,360 |
-4.2% |
|
Iran Pistachio Association, Greek Nuts & Fruits Trade Association, Australia Pistachio Growers’ Association, European Pistachio Council, China Chamber of Commerce for Import and Export Foodstuffs and other INC sources, INC Oct 2022 |
|||
Price rise in Iran
The Iran Pistachio Association has maintained its pre-harvest production estimate at 115,000 mt, the post-harvest update will, however, be issued in November. Frost and floods have again reduced production this year. Although traders state that local damages may not be quite as bad as anticipated, some places will witness a more sustained impact next year. Internet blackouts are causing disruptions. Export prices have, nevertheless, risen.
|
Pistachios, Iran |
||
|
Inshell, NO |
EUR/kg* |
USD/kg* |
|
Ahmad Aghaei, 24-26 |
12.41 |
12.31 |
|
Ahmad Aghaei, 26-28 |
11.94 |
11.84 |
|
Akbari, 20-22 |
13.87 |
13.75 |
|
Akbari 22-24 |
13.33 |
13.22 |
|
Kale Ghuchi, 22-24 |
12.60 |
12.49 |
|
Kale Ghuchi 24-26 |
12.05 |
11.95 |
|
Fandoghi, 30-32 |
10.04 |
9.96 |
|
Fandoghi 32-34 |
9.67 |
9.59 |
|
FOB Iran |
||
*Please note that these reference prices apply to an order volume of 1 mt. Prices may range lower for higher volumes.
View more
- price charts, pistachios, Iran
- more price charts
View related articles
