Nuts

Pistachios: negative inventory sparks confusion

July 27, 2021 11:41 AM, Der AUDITOR
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TEHRAN/SACRAMENTO. Although Iran’s exports for the current season are 63% up on last year through to 21 June, they fall short of US exports. The Iran Pistachio Association has, in addition, reported a slip. Issue is that ending inventories for 2020/2021 range at an impossible -5,600 mt, which cannot be accounted for unless production estimates are revised. This is exactly what the association intends to do in October.

Production to be revised upwards

Total production is presently estimated at 190,000 mt and carry-ins from 2019/2020 at 22,000 mt. Exports (174,000 mt) coupled with domestic consumption (23,600 mt) and losses (20,000 mt), however, exceed these supplies by 5,600 mt. The Iran Pistachio Association now intends to issue a revised production estimate as soon as more data for the entire marketing year 2020/2021 is available. Exports have, however, performed strong in the first three months of the Iranian year (20 March-20 June 2021).

Customs data shows that 29,917

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