Pistachios: India is not the only highlight
June 22, 2023 at 11:26 AM ,
Der AUDITOR
Exports save the day
Monthly domestic shipments gained on last year in May for the first time since the season started in September as the inventory report issued by the Administrative Committee for Pistachios (ACP) shows. This means that total domestic shipments are now only lagging 5% behind last year at 185 million pounds. Domestic shipments, in fact, climbed to 21 million pounds in May 2023 as opposed to 18 million pounds in May 2022. At 63 million pounds monthly exports ranged higher than last year for the sixth month running. Monthly exports exceeded last year’s 50 million pounds by 25% in May. Year-to-date exports have reached 501 million pounds, which is 18% up on last year’s 423 million pounds.
China remains the most important export destination for US pistachios, followed by Turkey and Germany. Shipments to Turkey have, in fact, more than doubled. India even tripled imports from the US and growth can be seen in nearly all top ten export destinations with the noted exceptions of China, Germany and Spain.
|
US pistachio exports (1,000 pounds) |
|||
|
Destination |
2021/22 |
2022/23 |
Diff. |
|
China |
129,066 |
126,518 |
-2.0% |
|
Turkey |
23,681 |
48,907 |
106.5% |
|
Germany |
54,924 |
40,747 |
-25.9% |
|
India |
9,914 |
30,263 |
205.2% |
|
Vietnam |
13,127 |
21,464 |
63.5% |
|
Hong Kong |
17,615 |
21,157 |
20.1% |
|
Italy |
10,117 |
19,590 |
93.6% |
|
UAE |
7,106 |
19,094 |
68.7% |
|
Spain |
21,003 |
18,854 |
-10.3% |
|
Saudi Arabia |
11,799 |
16,024 |
35.8% |
|
Others |
124,329 |
138,416 |
11.3% |
|
Total |
422,681 |
501,034 |
18.5% |
|
Administrative Committee for Pistachios, 01/09-31/05 |
|||
Production to rise by 37%
Estimates presented at the International Nut and Dried Fruit Council Congress in May also indicate that global production is set to rise by 37% to more than 1 million mt. Not only is the US crop expected to range 47% higher in 2023/2024 than in 2022/2023 but production in Iran should also rebound by 89%. At 1,238 million mt global supplies will range 17% higher than in the current season.
Conditions have been excellent in California so far and the fruit sets appear to be good as reports state. Only worry are potential rains that may delay harvesting. After falling to a low in February prices have recovered in Iran. They also gained considerable support in the first week of June. Although exchange rate fluctuations and other political factors largely dominate export prices here, rises in the run-up to the arrival of the new crop in September have been observed in recent years.
|
Global pistachio production, in-shell basis, in mt |
|||
|
Country |
2022/23 |
2023/24 |
Diff |
|
USA |
401,039 |
590,000 |
47.1% |
|
Iran |
106,000 |
200,000 |
88.7% |
|
Turkey |
200,000 |
190,000 |
-5.0% |
|
Syria |
19,500 |
25,500 |
30.8% |
|
Greece |
10,000 |
7,000 |
-30.0% |
|
Spain |
3,000 |
4,500 |
50.0% |
|
Afghanistan |
2,360 |
2,500 |
5.9% |
|
Australia |
3,650 |
1,400 |
-61.7% |
|
Italy |
1,200 |
1,200 |
0% |
|
China |
600 |
500 |
-16.7% |
|
Total |
747,349 |
1,022,600 |
36.8% |
|
Iran Pistachio Association, Greek Nuts & Fruits Trade Association, Australia Pistachio Growers’ Association, European Pistachio Council, China Chamber of Commerce for Import and Export Foodstuffs and other INC sources, INC May 2023 |
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