|YTD Inventory / Shipment Report |
|3rd Marketing Month||Crop: 2019||1. November shipments stand at 14,000 MT; down 44% compared to 2017 (the last on-year crop). 2019 year‐to‐date shipments (as of 1 December) stay at 44,000 MT of pistachios, which show a 41% decline compared to 2017 for the same period. Factors such as the price disparity between domestic and the global market, limited supply from the growers at the beginning of the current crop year, launching pistachio trade at IME, expectations of the exchange rate increase and limitations on monetary transfers have restricted Iranian pistachio exports in the past few months.|
2. The Far East has been the main market for Iranian pistachios through November. Exports to this market amount to 16,000 MT; a 60% drop compared to crop year 2017 for the same period. Since the market trend in the past few years has been toward high volume contracted sales, US pistachio’s share of the market is naturally higher than Iran’s. Of the Far East’s total pistachio imports of 60,000 MT, Iran’s share stands at 27%, while the US is ahead at 73% of the market share.
3. Cumulative export shipments to the Indian Subcontinent through November stand at 5,700 MT, down 33% compared to crop year 2017 for the same period. Out of the approximately 6,000 MT of pistachios being imported by this growing market, Iran's share stands at 95%, with the US having a 5% market share. The bulk of Iran's export to this growing market includes pistachio kernels.
4. Currently long varieties of Iranian pistachios are offered around 0.5 to 1 $ lower than the similar sized US Extra Number 1 (21-25). Should the monetary transfer conditions enhance, the export trend of these varieties is expected to improve in the future.
|Carry in from prevoius year||22,000|
|Note : addjustment / losses related to shelling and peeling process of kernels and green kernels.|
Current Crop Year