| YTD Inventory / Shipment Report In Tons | ||
| 4th Marketing Month | Crop: 2025 | 1. Fourth-month shipments (22 Dec - 20 Jan) capped 14,000 MT of in-shell equivalent pistachios, a 26% decrease compared to the same month last year. Sudden changes to export license regulations followed by internet and government shutdown due to nationwide street protests were the main reasons for this decline. As of late December, acute intraday exchange rate volatility disrupted trade across multiple sectors. The resulting unstable market environment, in addition to hyperinflation, ultimately triggered broader market unrest and led to nationwide protests in January. 2. Share of Iranian pistachio kernel shipments from total exports has been continually increasing from the start of this marketing year. Strong kernel demand has been driven by advance pile-up for Ramadan —particularly in the UAE—, increased imports for domestic consumption in Türkiye, post-Diwali winter consumption in India in addition to a consistent general increase in global kernel demand. 3. Export to Türkiye is experiencing a major surge this season, with its year-to-date share increasing from 13% last year to 19% this year. This growth seems to be attributed to several factors, such as Türkiye’s strong domestic consumption, smaller crop, tariff-based market access and re-exports to other destinations. Exports to the CIS, the Indian Subcontinent and the Middle East are very strong, increasing their market share year-on-year. In contrast, the Far East is experiencing a substantial decline, with its share from Iranian pistachio exports falling from around 34% last year to 9% this year. 4. The mixed dynamic that marked the start of this season continues: in-shell pistachio trade remains relatively sluggish—affected by ongoing exchange-rate volatility and further Rial depreciation—while kernel market is growing, despite rising prices. Consequently, the price gap between commercial in-shell pistachios and kernel raw material (including closed-shells and shelling stocks) has narrowed significantly. This reflects a rising market floor driven by kernels, while commercial in-shell pistachios intended for retail snacking have struggled to advance due to weaker demand at higher price levels. |
| Carry in from prevoius year | 15,000 | |
| Total Production | 225,000 | |
| Gross Inventory | 240,000 | |
| Domestic Consumption | (9,000) | |
| Export Shipments | (60,000) | |
| Adjustment/losses, Export | (15,000) | |
| Total Consumption | (84,000) | |
| Ending Inventory | 156,000 | |
| Note : addjustment / losses related to shelling and peeling process of kernels and green kernels. | ||
Current Crop Year
Monthly Report.pdf
Annual Report.pdf