| YTD Inventory / Shipment Report In Tons | ||
| 3rd Marketing Month | Crop: 2024 | 2024 Crop Overview The 2024 crop estimate surpassed expectations, reaching 200,000 Tons of dried in-shell pistachios. However, due to the extreme summer heat and frequent irrigation interruptions caused by widespread electricity shortage, nut size turned out smaller than usual, with a higher percentage of closed-shells. Monthly Shipments Iranian pistachio exports during the 3rd month of the current marketing year (25,000 tons, in-shell equivalent) show a 67% increase compared to the previous year. The largest export volumes in this month were directed to re-export markets (Turkey and the UAE), followed by the Far East, where the competitive prices of Iranian pistachios made them particularly favorable. The CIS countries also showed strong demand, setting their position as an important market for Iranian pistachios. Year-to-Date Shipments Year‐to‐date export shipments at the end of the 3rd marketing month stand at 83,000 tons of in-shell equivalent pistachios, almost two times of the exports during the same period of the previous year. Besides a good 2024 crop, this can be attributed to price competitiveness of Iranian pistachios in global markets. Year-to-date exports ratio to the opening inventory stands at 36%, reflecting an exceptional export season. As a matter of comparison, this ratio stood only at 24% during past couple of years. Competitive prices of Iranian pistachios have been a key driver behind this success. While the price disparity between Iranian and Californian pistachios remains, this gap is expected to narrow-down in the coming months. Natural Kernels Through November, pistachio kernels (including closed shells as raw material for kernels) amounted to 33% of total in-shell equivalent year-to-date export shipments. This figure demonstrates the steady growth in the worldwide demand for pistachio kernels, especially when compared with the four‐year average figure of 29% for the same period. Green Kernels Demand for Iranian Green Peeled Pistachio Kernels (GPPK) remains strong. However, the Iranian government’s restrictive policies on exports to Europe have significantly limited shipments to the EU during the first quarter of the current marketing year. However, there are signs of gradual easing on the restrictions, and GPPK export to the EU market is expected to resume in the coming months. Meanwhile, GPPK shipments to non-EU destinations continue to grow steadily, highlighting increasing global demand for Iranian GPPK. |
| Carry in from prevoius year | 30,000 | |
| Total Production | 200,000 | |
| Gross Inventory | 230,000 | |
| Domestic Consumption | (8,000) | |
| Export Shipments | (73,000) | |
| Adjustment/losses, Export | (10,000) | |
| Total Consumption | (91,000) | |
| Ending Inventory | 139,000 | |
| Note : addjustment / losses related to shelling and peeling process of kernels and green kernels. | ||
Current Crop Year
Monthly Report.pdf
Annual Report.pdf
