Pistachios: global production to exceed 1 million metric tonnes
June 24, 2020 at 10:52 AM ,
Der AUDITOR
...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).
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Top 3 pistachio producers* |
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|
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% |
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INC Webinar June 2020 *Pistachios, in shell, in mt |
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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.
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US pistachio exports* in mt |
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|
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% |
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Source: Administrative Committee For Pistachios *Since the start of the season |
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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.
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Pistachios, in-shell |
|
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Type, origin |
Price |
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Ahmad Aghei, 22-24, Iran |
USD 6.70/kg* |
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Ahmad Aghei, 24-26, Iran |
USD 6.58/kg* |
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Standard, 18/20, Spain |
EUR 7.60/kg** |
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Extra no 1, 23/25, Spanien |
EUR 8.00/kg** |
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Extra no 1, 20/22, USA |
EUR 9.30/kg** |
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Extra no 1, 18/22, USA |
EUR 9.40/kg** |
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*CFR Hamburg/**EXW Spain |
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View more information
- price chart, pistachios, inshell, Ahmad Aghaie, 22/24, NO, Iran
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