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Pistachios: demand outstrips supply

October 18, 2024 at 8:59 AM , Der AUDITOR
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FRESNO/ISTANBUL. With demand outstripping supplies for pistachios in the US speculations abound as to how far prices will rise in Europe. Turkey and Iran are, however, also important players.

Panic in the US

News from the United States has put the market on edge as demand is outstripping supplies. Trouble is that US exports surged by 43% to above 9 million pounds in 2023/2024 with China, Germany and Turkey being the most important export destinations. This resulted in a low carry-in for 2024/205, which is an off-year in terms of production.

The crop is also coming in later than last year. Although reports state that the quality has been good so far, the amount of closed Kerman kernels is unusually high. Yet, many processors withdrew from the mark

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