Trade4go Summary
U.S. pistachio production is projected to decrease by 26% to 503,000 tons due to a low off-season, with exports expected to drop nearly 20% to 360,000 tons. Ending stocks are predicted to decrease by 37% to 66,000 tons. Meanwhile, Iran's pistachio production is expected to rise nearly 20% to 200,000 tons, despite quality issues, with exports expected to reach 175,000 tons. Turkey's production is expected to more than double to 385,000 tons, leading to a 26% rise in exports to 70,000 tons. However, China's imports are predicted to fall 1% to 170,000 tons, as the decline in U.S. exports compensates for the increase in Iranian supplies. EU production is expected to remain unchanged at 35,000 tons, but imports are predicted to fall slightly to 150,000 tons, with the United States supplying most of the market.
Original content
U.S. pistachio production is expected to fall 26% to 503,000 tons as the off-season is low, according to processor delivery reports and acreage survey data from the American Pistachio Management Board. Exports are expected to fall nearly 20% from last year's record to 360,000 tons as tight supplies limit exports to major markets in Asia and Europe. Ending stocks are expected to fall 37% to 66,000 tons due to lower production. Iranian pistachio production is expected to increase nearly 20% to 200,000 tons. But the Iranian Pistachio Association said that while production is expected to be higher, the size of the pistachios is smaller than normal due to frequent irrigation interruptions caused by extreme summer heat and widespread power shortages. Despite quality issues, exports are expected to climb to 175,000 tons due to increased exports to India, China and Turkey. By Turkey’s production is expected to more than double to 385,000 tons in a high-yield year. Turkish pistachio ...