|Monthly and YTD Inventory / Shipment Report
Crop Month 2015
|1. Export shipment volume in the 7th marketing month has been near 4000 MT. This month coincides with the Iranian New Year holidays and practically business is closed for the second half of March 2016. Generally, exports are down in month 7 and they will recover in month 8.
2. Lack of major trade activity in this month can be seen from the sharp drop in shipments to the Far East (331 MT). Among the Far East countries, Indonesia with a high level of GDP growth has the potential to be a good export destination for Iranian pistachios.
3. Shipment destinations that show above average export share in this month (CIS, Indian Subcontinent and EU15) are destinations where there were unfulfilled contracts or facing a good opportunity for trade. Export to EU15 is hopefully reversing a long-term downward trend.
4. EU15 (852 MT), Indian Subcontinent (558 MT), CIS (511 MT) and the Middle East countries (485 MT) normally import a higher quality of Iranian products. In these markets better quality Iranian pistachios can favorably compete with California’s Kerman variety which has been priced above the normal range, allowing competition from Cashews.
5. High Californian prices could be the reason why Iranian shipments (524 MT) to Canada have picked up.
7th Marketing Month
|Carry in from previous year
|Total Crop Estimate
|Adjustment/ losses, Domestic
|Adjustment/ losses, Export