|YTD Inventory / Shipment Report |
|1st Marketing Month||Crop: 2023||1. According to Iran Pistachio Association’s pre-harvest forecast, 2023 crop was expected to yield around 210,000 MT of dried in-shell pistachios. However, as implied by post-harvest reports from different producing regions, the crop production estimate is expected to be lower than the initial forecast, which can be attributed to a high percentage of blanks in some producing areas and intense summer heat in some others. IPA’s post-harvest estimate for the new crop will be published in late November.|
2. First month shipments stood at 14,000 MT of in-shell equivalent pistachios, 6% of the predicted marketable inventory, which is lower than the four-year average figure (9%). Government imposed restrictions on export revenue is still acting as an obstacle for Iranian pistachio exports.
3. Iranian pistachio kernels are in high demand which has resulted in a de facto price floor for Iranian in-shell pistachios. During the first marketing month, Kernels and Green Kernels amounted to 21% (if we include close shells as raw material for kernels) of this month’s export shipments, as compared to the four-year average figure of 17% for the same month.
|Carry in from prevoius year||20,000|
|Note : addjustment / losses related to shelling and peeling process of kernels and green kernels.|
Current Crop Year