| YTD Inventory / Shipment Report In Tons | ||
| 9th Marketing Month | Crop: 2023 | 1. Export shipments exceeded expectations (10,000 MT of in-shell equivalent pistachios) during the 9th marketing month, most likely due to devaluation of the Iranian Rial which led to a decrease in export prices. Spot demand seems to exist in the main export markets. It is still uncertain whether this rise in exports will remain sustainable in the remaining three months of the marketing year, given that exchange rate fluctuations in Iran influence exporters' confidence and desire for pistachio trade. 2. Year-to-date export shipments by the 9th marketing month has reached 105,000 MT of in-shell equivalent pistachios. With an estimated 21,000 MT of domestic consumption, the remaining marketable inventory at the end of the 9th marketing month is estimated to be 74,000 MT of dried in-shell pistachios. 3. Iranian pistachio kernels were in high demand during the first half of the current marketing year which resulted in a de facto price floor for Iranian in-shell pistachios. However, from late April onward, the global demand for pistachio kernels seems to be easing to some extent. 4. The demand for Iranian Green Peeled Pistachio Kernels remains very strong; the export of GPPK products shipped to non-European destinations is growing. Interestingly enough, almost 20% of GPPK shipped during the 9th marketing month has been exported to non-EU markets. 5. IPA announced its official pre-harvest forecast of the 2024 Iranian pistachio crop at 190,000 MT of dried in-shell pistachios. The new crop is expected to consist of 38% non-Akbari Long (i.e. Ahmad Aghayi, Badami, etc.), 32% Round, 16% Jumbo and 14% Akbari. |
| Carry in from prevoius year | 20,000 | |
| Total Production | 180,000 | |
| Gross Inventory | 200,000 | |
| Domestic Consumption | (21,000) | |
| Export Shipments | (86,000) | |
| Adjustment/losses, Export | (19,000) | |
| Total Consumption | (126,000) | |
| Ending Inventory | 74,000 | |
| Note : addjustment / losses related to shelling and peeling process of kernels and green kernels. | ||
Current Crop Year
Monthly Report.pdf
Annual Report.pdf