| YTD Inventory / Shipment Report In Tons | ||
| 10th Marketing Month | Crop: 2025 | 1. Export shipments during the 10th marketing month (22 June–22 July) amounted to 5,000 MT of in-shell equivalent pistachios, 58% less than the 12,000 MT for the same month last year. The decline was mainly attributed to the continued shipping blockade in the Strait of Hormuz in addition to bleak forecast for the U.S. crop. 2. The Indian Subcontinent accounted for the largest share of Iran’s pistachio exports during this month. Interestingly, however, export to the UAE—which had virtually collapsed following the outbreak of the war, falling from 3,000 MT in the 5th marketing month to as low as 1 MT in the 8th month—recovered to 800 MT in the 10th month. 3. Iran’s pistachio export share by region has undergone a significant reorientation during the 2025/26 marketing year. The shift from the Far East market toward the CIS countries and the Indian Subcontinent was already evident before the outbreak of regional hostilities (because of sudden restrictions on trade licenses in October/November 2025 and the requirement for mandatory bank guarantees, most exporters lost the window to ship to China in time for the goods to arrive before the Chinese New Year 2026). This trend appears to have been accelerated by the conflicts. Year-to-date exports to the CIS countries, the Indian Subcontinent and the re-export hubs (Turkey and UAE) together accounted for 76% of total exports. The Far East, by contrast, accounted for just 7%, marking a substantial decline from previous years. 4. Year-to-date export shipments (Sep. 2025–July 2026) reached 130,000 MT of inshell equivalent pistachios, demonstrating a 30% decline compared to the same period last year. This decline was largely anticipated given the conflict-related disruptions and operational challenges throughout the marketing year. As a result, year-to-date exports have absorbed only 54% of the current marketing year's opening inventory, compared with an average of 65% over the past three crops for the same period, indicating a significantly slower pace of inventory drawdown this season. 5. The rising share of pistachio kernel shipments in recent months could be attributed to the skyrocketing shipping costs. If shipping costs remain so high, exporting kernels would be more competitive compared to inshell pistachios. 6. The remaining inventory at the end of the 10th marketing month (through 22 July) is estimated at 89,000 MT (37% of 2025 opening inventory) and is projected to decline to around 75,000 MT by year-end. This would mark a record-breaking year-end carryover for Iranian pistachios. As Iran and other major producing countries are heading into an off-year pistachio crop, this high carryover may be more of a blessing than a curse. 7. Iran Pistachio Association’s pre-harvest forecast of the 2026 crop was announced at 118,000 MT of dried inshell pistachios. |
| Carry in from prevoius year | 15,000 | |
| Total Production | 225,000 | |
| Gross Inventory | 240,000 | |
| Domestic Consumption | (21,000) | |
| Export Shipments | (101,000) | |
| Adjustment/losses, Export | (29,000) | |
| Total Consumption | (151,000) | |
| Remaining Inventory | 89,000 | |
| Note : addjustment / losses related to shelling and peeling process of kernels and green kernels. | ||
Current Crop Year
Monthly Report.pdf
Annual Report.pdf