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Monthly and YTD Inventory / Shipment Report
in Tons


Crop Month 2014



Marketing comments for month 6 crop year 2014:

1- Exceptionally high levels of product purchasing by global importers during the first 5 months of this crop year, was the main driver behind the significant drop in export levels for the 6th month of 2014 crop year as compared to the previous months. Additionally, the observed drop in demand for the 6th month of 2014 crop year can be traced to the influence of high California prices in this period.

2- All-in-all, the volume of imports of pistachios by China from Iran, during the first 6 months of 2014 crop year have been unprecedented.

3- Exports to the EU, North Africa, Middle East and Re-Export Market countries have been in a better position in month 6, given the relative drop in global shipments during month 6 compared to the previous 5 months.

4- Overall, export shipments to CIS countries for these 6 months have been stagnant, due to depreciation of Ruble against the US Dollar, even though month 6 has shown a slight rebound.    

5- 75 percent of the 2014 crop that was available for export, was exported during the first 6 months of the current crop year, this while, on average in previous years, 66 percent of the crop would have been exported by the end of the first half the crop year.    

6- Demand trends in consuming countries have substantially favoured the Round (MO and natural) open in-shell 30-32, such that in the remaining 58,000 tons of the 2014 crop, very little of these two product types can be found.    

7- The depreciation of the Euro against the US Dollar in recent months, has led to relatively high pistachio prices in European supermarkets, which has caused a drop in consumption. Reports indicate that this drop is equivalent to 20 percent of consumption during the same period in previous years.  

Monthly Report
Annual Report
  
 

   
 





6nd Marketing Month


Month 6

YTD



Carry in from previous year

-

4,400



Total Crop Estimate

-

230,000



Opening Inventory

-

234,400



Domestic Consumption

7,200

24,600



Adjustment/ losses, Domestic

2,000

6,800



Export Shipments

9,020

131,183



Adjustment/ losses, Export

1,836

13,659



Total Consumption

20,056

176,242



Ending Inventory

-

58,158



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