Pistachios: negative inventory sparks confusion

July 27, 2021 at 11:41 AM, Der AUDITOR
Play report as audio

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

View related articles

Go to the News Overview
Jan 25, 2023
MADRID/SACRAMENTO. Although Spain’s almond exports received a boost in November, the dent in exports is still much higher than in California. Competition between Spain and California remains fierce with speculations on water supplies and exchange rates having top priority at present.
Jan 23, 2023
NEW DELHI. Farmers are in full control of India’s peanut market. Not only do they still hold more than 35% of all stocks but they also know how to play to their advantage. Artificial intelligence may also prove an asset in limiting aflatoxin contamination.
Jan 19, 2023
ORDU. Things have taken such a bizarre turn in Turkey that buyers have switched to other hazelnut producing countries such as Georgia, Azerbaijan or Italy. Drought will, in fact, have a lasting impact on production in Italy.
Jan 18, 2023
TEHRAN. Frustration and anger are growing with Iran’s government. Suppliers are now actively blaming the government for losing market shares for pistachios. Exports have, in fact, slumped by 75%.