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Pistachios: market is in trouble

February 25, 2020 1:23 PM, Der AUDITOR
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TEHRAN. China is the leading export destination for pistachios from Iran. Although the spread of the coronavirus is having a massive impact on the market, the exports to China have curiously enough recovered in December/January.

Curious recovery in exports

According to the Iranian Pistachio Association, Iran has shipped 57,842 metric tonnes overseas in the first four months of the season. Since 2018 was an off year in production, 2017/2018 is more relevant for comparison. Overseas shipments have, in fact, declined by 37% on 2017/2018. Market players hold exchange rate fluctuations and the US sanctions responsible. In addition, it should be noted that at 205,000 metric tonnes production is smaller this year than in 2017 (225,000 mt). Since the carry-in stocks from 2018/2019 range at 22,000 m

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