Pistachios: Germany's imports have increased massively
July 24, 2024 at 4:58 PM ,
Der AUDITOR
Estimated US crop of more than 1 billion lbs
The US crop in 2023/24 was 1.49 billion lbs, an increase of 69% on the previous season's 884 million lbs and, according to FreshPlaza, a new record crop. Taking all factors into account, the experts at ofi expect a total availability of 1.41 billion lbs for the 2024/25 season; this year's crop alone is estimated at just over 1 billion lbs. Although US shipments had decreased in May, looking at exports in 2024 to date, US shipments to important target countries such as China and various EU countries have increased significantly, rising by 3% compared to the same period last year. The fact that the crop is expected to be smaller than last year and the extreme heat in California could reduce the yield of high-quality pistachios should initially support prices.
Prices in Iran remain low
The situation is different on the Iranian pistachio market. The new season is in the starting blocks and prices, which have already reached new lows, have fallen further in recent weeks. Iranian in-shell pistachios, Ahmad Aghaei, 26/26 are currently trading at EUR 7.92/kg FOB Iran.
|
Pistachios, Iran |
||
|
Inshell, NO |
EUR/kg |
USD/kg |
|
Ahmad Aghaei, 24-26 |
7.92 |
8.59 |
|
Ahmad Aghaei, 26-28 |
7.73 |
8.39 |
|
Akbari, 20-22 |
9.71 |
10.53 |
|
Akbari 22-24 |
9.52 |
10.33 |
|
Kale Ghuchi, 22-24 |
8.86 |
9.61 |
|
Kale Ghuchi 24-26 |
8.67 |
9.41 |
|
Fandoghi, 30-32 |
6.60 |
7.16 |
|
Fandoghi 32-34 |
6.41 |
6.95 |
|
FOB Iran, order volume 1 mt |
||
Germany's imports have risen significantly
Germany's pistachio imports climbed by a whopping 67.5% in the period from September 2023 to May 2024. A total of 36,921 mt of in-shell pistachios were imported into the country, compared to just 22,045 mt in the same period last year. The most important supplier by a huge margin is the USA, which delivered more than 35,000 mt to Germany; it was therefore able to increase its shipments by more than 73% compared to the previous year. This is followed by Iran, which also shipped an impressive 24% more pistachios to Germany than in the year before; all other countries are of little significance with shipments of a maximum of 71 mt. The declines from Belgium (-97.4%) and Greece (-92.6%) are striking.
|
Pistachio imports, Germany, in mt |
|||
|
Supplier |
2022/23 |
2023/24 |
Diff. |
|
USA |
20,279 |
35,138 |
73.3% |
|
Iran |
1,247 |
1,549 |
24.2% |
|
Brazil |
77 |
71 |
-7.8% |
|
Spain |
1 |
31 |
3,000.0% |
|
Turkey |
0 |
26 |
n/v |
|
UAE |
0 |
24 |
n/v |
|
Italy |
1 |
12 |
1,100.0% |
|
Belgium |
382 |
10 |
-97.4% |
|
Greece |
27 |
2 |
-92.6% |
|
Others |
31 |
58 |
87.1% |
|
Total |
22,045 |
36,921 |
67.5% |
|
Federal Statistical Office of Germany / Sep-May 08025100 Fresh or dried pistachios, in shell |
|||
View more
- price charts, pistachios, Iran
- more price charts
Attached Files
View related articles
