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Pistachios: high-price gamble

September 20, 2022 12:02 PM, Der AUDITOR
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TEHRAN/MADRID. Iran’s pistachio exports remained disappointingly low in July and prospects for the new season are far from encouraging. Although Spain is only a small player in the market, pistachios may well turn into “green gold” here.

High prices deter buyers

Iran’s pistachio exports slumped by more than 60% between January and July as compared with the same period last year. While 98,596 mt of pistachios worth USD 672 million were shipped overseas in January till September 2021, this figure ranged as low as 36,109 mt worth USD 262 million in the same period in 2022. At 27,945 mt inshell pistachio exports accounted for the lion’s share of the volumes shipped (77%) this year. Kernel exports ranged at 7,743 mt (21%). Trouble is that frost and drought reduced inventories and drove up mar

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