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Pistachios: global production to exceed 1 million metric tonnes

June 24, 2020 10:52 AM, Der AUDITOR
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SACRAMENTO/TEHRAN. This year is an "on year" for US pistachios in the biennial cycle. Production is, however, not only set to be larger than last year but...

...may set a new record at 544,000 metric tonnes. According to the INC webinar on pistachios, production in Iran is estimated at 170,000 metric tonnes in its "off-year", a decline of 17% on last year. Turkey, is, by contrats, to witness an "on-year" rise in production of 333% to 325,000 metric tonnes. These three countries alone may, in other words, produce more than 1 million metric tonnes of in-shells, an increase of 60% over global production in 2019/2020 (655,200 mt).

Top 3 pistachio producers*

Country

2019/20

2020/21

Diff.

USA

331,000

544,000

64.4%

Iran

205,000

170,000

-17.1%

Turkey

75,000

325,000

333.3%

INC Webinar June 2020

*Pistachios, in shell, in mt

US exports slump in May

US pistachio exports range as much as 30% lower than last seaon, a declined from 205,558 metric tonnes in 2018/2019 to 143,268 metric tonnes in this season so far. Total shipments range at 220,022 metric tonnes, of which 76,754 are destined for US consumption, which is a similar volume as last year. According to the Administrative Committee For Pistachios, shipments have again declined in May. Not only has domestic consumption dropped by 11% to 7,657 metric tonne, but overseas shipments also range 46% lower than in May 2019 at 9,026 metric tonnes. Shipments to Spain and Germany have only declined nominally in May, but nevertheless range 15% (8,814 mt since the start of the season) and 9% (22,738 mt since the start of the season) higher than last year.

US pistachio exports* in mt

Destination

2018/19

2019/20

Diff.

Europe

64,676

52,362

-19%

Asia/Oceania

105,981

65,755

-38%

Africa/Middle East

25,067

15,565

-38%

Central/South America

914

844

-8%

North America

8,919

8,742

-2%

Total

205,558

143,268

-30%

Source: Administrative Committee For Pistachios *Since the start of the season

Current reference prices

Due to the anticipated record production in the US prices are expected to range considerably lower in the new season. Ahmad Aghei pistachios, size 22-24 are currenlty trading at USD 6.70 per kg CFR Hamburg and size 24-26 at USD 6.58 per kg CFR Hamburg. US extra no 1 pistachios, size 18-22 are trading at EUR 9.40 per kg EXW Spain and Spanish standard pistachios at EUR 7.60 per kg EXW Spain.

Pistachios, in-shell

Type, origin

Price

Ahmad Aghei, 22-24, Iran

USD 6.70/kg*

Ahmad Aghei, 24-26, Iran

USD 6.58/kg*

Standard, 18/20, Spain

EUR 7.60/kg**

Extra no 1, 23/25, Spanien

EUR 8.00/kg**

Extra no 1, 20/22, USA

EUR 9.30/kg**

Extra no 1, 18/22, USA

EUR 9.40/kg**

*CFR Hamburg/**EXW Spain

 

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price chart, pistachios, inshell, Ahmad Aghaie, 22/24, NO, Iran
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