Nuts

Pistachios: wild fluctuations in price

December 2, 2020 12:08 PM, Der AUDITOR
Play report as audio

TEHRAN. The gradual reopening of markets and attractive prices accelerated Iran’s pistachio exports in April till August. Recently issued production estimates also highly encouraging for this year. Prices have, however, fluctuated widely in recent weeks.

Surprisingly good export performance

Despite US sanctions, government restrictions on the transfer and exchange of foreign currencies and the coronavirus pandemic, Iran managed to ship 140,186 mt of pistachios overseas in 2019/2020 (October-September) as customs data shows. This is 2.3% up on the 136,989 shipped in the same period in 2017/2018, which is the previous “on year” in terms of production. As much as 106,541 mt of open and 11,847 mt of closed pistachios, 19,635 mt of kernels and 1,479 mt of green kernels along with 684 mt of other varieties wer

View related articles

Go to the News Overview
Nuts
Nov 24, 2021
REUS/YAMOUSSOUKRO. According to the latest INC production estimates, Côte d'Ivoire has cracked the 1 million mt production mark this season. Due to lower freight costs, African origins can score with European buyers.
Nuts
Nov 23, 2021
SACRAMENTO/REUS. The weak October exports are worrying US suppliers. Many buyers have taken the precaution of stocking up, and the rising Corona figures are not easing the market situation. In order to reduce their stocks, prices are being lowered further.
Nuts
Nov 23, 2021
REUS/CAPE TOWN. Although the International Nut and Dried Fruit Council (INC) anticipates a more than 5% rise in global inshell macadamia production this year, things did not go quite as well as expected in South Africa. Weather conditions were, by contrast, excellent in Australia and production has rebounded from Covid in Kenya.
Nuts
Nov 22, 2021
ORDU. With the central bank’s decision to cut the key interest rate by 100 basis points to 15% on Thursday the Turkish lira hit new record lows against the US dollar and the euro. While President Recep Tayyip Erdoğan is determined to slash interest rates against all reason, Turkey’s economy is left to scramble. Although hazelnut exporters should now be offering unbeatable prices, the situation is not quite as simple. Ferrero has recently also issued a new bid.