|YTD Inventory / Shipment Report |
|1st Marketing Month||Crop: 2020||2020 New Crop|
1. IPA’s post-harvest estimate of Iran’s pistachio production in 2020 stands at 190,000 MT (dried in-shell basis); 10,000 MT higher than its spring forecast. With an estimated carry-over of around 22,000 tons from the 2019 crop, Iran’s gross inventory at the beginning of the upcoming marketing year is currently projected to stand at 212,000 tons.
2. The quality of the 2020 crop seems to be better than normal with larger nut size and lower percentage of closed-shell and floaters.
1. In spite of continuing global COVID pandemic situation, new crop shipments in September were very strong.
2. There are numerous reports of a shift in the Far East market demand pattern from Fandoghi variety towards more expensive and larger nut size Iranian pistachio varieties such as Akbari and Jumbo. This might be due to the current price-competitiveness of Iranian pistachios.
3. COVID-19 has had certain effects on the pistachio industry; from slowing down the processing, commercial and financial operations, to decreasing bulk and traditional consumption share as compared to industrial retail packed consumption.
4. USD/IRR exchange rate fluctuations following the US Presidential Election limbo, slowed down domestic trade of pistachios in Iran to some extent. However, trade volume is gathering pace once more based on new lower exchange rates.
|Carry in from prevoius year||22,000|
|Note : addjustment / losses related to shelling and peeling process of kernels and green kernels.|
Current Crop Year