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Pistachios: drastic slump in exports

June 16, 2020 8:06 AM, Der AUDITOR
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TEHRAN. Iran’s pistachio exports have declined by as much as 82% between 20 March and 20 April over the same period in February till March, when exports ranged as high as 14,495 metric tonnes. The dent in exports is mainly attributed to the holidays marking Nowruz, the start of the Iranian New Year, and the coronavirus-related restrictions on transportation.

Buying is hampered

As market players report, 2,642 metric tonnes were exported from Iran between 20 March and 20 April. This is a sharp declined of 27% over the 3,628 metric tonnes exported in the same period two years ago, which was the last on-year in terms on production. A total of 87,737 metric tonnes have been shipped overseas since the start of the season in October 2019, a decline of around 22.4% over the same period two years ago. Problem is that the coronavirus has not only rendered the transportation and exports of goods more difficult but has also hampered buying.

Nominal declines in price

The dent in exports and limited buying has so far had no impact on prices. Exporters and traders are expected to hold on to comparatively high prices until they will be forced to empty warehouses to make space for the new crop. Exchange rate fluctuation have prompted prices to decline by EUR 0.13-0.17 per kg, depending on variety, over the last two weeks.

 

Pistachios, Iran

Type

EUR/kg

Ahmad Aghaei, 22-24

6.80

Ahmad Aghaei, 24-26

6.53

Akbari, 20-22

7.12

Akbari, 22-24

6.86

Kale Ghuchi, 22-24

6.66

Kale Ghucci, 24-26

6.47

Fandoghi, 30-32

6.01

Fandoghi, 32-34

5.82

FOB Iran

 

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