| YTD Inventory / Shipment Report In Tons | ||
| 9th Marketing Month | Crop: 2024 | 1. In the 9th marketing month (May 22–June 21), export shipments neared 8,000 MT. Demand for Iranian pistachio kernels has consistently remained strong, with kernels accounting for about 60% of total exports (in-shell equivalent). Open in-shell exports were supported by increased supply and competitive prices, with over two-thirds going to the CIS market amid weak demand from China, India, and much of the Middle East. 2. Demand for Iranian Green Peeled Pistachio Kernels (GPPK) remains robust; Year-to-date shipments have reached 2,500 MT; more than twice the average volume for the same period over the past 6 years. This significant growth is driven by two factors: a larger 2024 harvest of early-picked kaal (unripe) pistachios, resulting in more competitive prices, and the steady growth of GPPK shipments to non-EU destinations – notably the Middle East and China – highlighting rising global demand for Iranian GPPK. 3. YTD export shipments reached 171,000 MT of in-shell equivalent pistachios; a 63% increase compared to the previous year. The year-to-date "export to opening inventory ratio" stands at 74%, signifying an exceptional marketing year for Iranian pistachio industry. Competitive prices of Iranian pistachios, limited supply from other origins, and a fast increase in worldwide consumption of Iranian pistachio kernels by the global food industry have been the main reasons for this achievement. 4. Despite certain disruptions in mid-June due to the 12-day war, a temporary spike in the exchange rate encouraged higher export volumes. While port operations briefly paused following the U.S. attack, activity resumed shortly after; banking and logistics remained mostly operational, and export is proceeding as usual as much as possible. 5. Demand for Iranian pistachio kernels remains strong. While the in-shell market for Iranian pistachios may experience ups and downs due to IRR exchange rate variations, no significant price fluctuation is expected prior to the new crop availability. As this season draws to a close, the global in-shell pistachio market remains quiet, characterized by limited supply mostly tied to high volume early-season contract deliveries and large 2025 crop forecast both in the US and Iran. |
| Carry in from prevoius year | 30,000 | |
| Total Production | 200,000 | |
| Gross Inventory | 230,000 | |
| Domestic Consumption | (25,000) | |
| Export Shipments | (140,000) | |
| Adjustment/losses, Export | (31,000) | |
| Total Consumption | (196,000) | |
| Ending Inventory | 34,000 | |
| Note : addjustment / losses related to shelling and peeling process of kernels and green kernels. | ||
Current Crop Year
Monthly Report.pdf
Annual Report.pdf
