YTD Inventory / Shipment Report
In Tons
Marketing Comments
7th Marketing MonthCrop: 20211. Export shipments volume in the 7th marketing month has been around 3,000 MT. Since this month coincides with the Iranian New Year holidays, shipments are few and incidental. Each year, exports are down in the 7th month and would recover in the 8th month. The remaining inventory at the end of the 7th marketing month stands at 39,000 tons, 28% of this year's opening inventory. This percentage is in par with the multi-year average.

2. The Far East has been the biggest market for Iranian pistachios from September through March/April. Iranian export to this key market amounts to 20,000 tons. Unlike last year, it seems that this year the majority of inshell pistachio shipments to China consisted of Round variety.

3. Iranian pistachio exports to the CIS countries show a growing trend; almost 20% of Iranian pistachios have been exported to this market through mid-April this year. Despite the fact that the CIS countries have a seasonal peak demand in summers, the continuation of Russia-Ukraine war may affect the demand from this market.

4. The variety-oriented Indian market is growing at a high pace and with an even higher preference for import of Iranian pistachios. Ahmad Aghayi inshell pistachios and Iranian natural pistachio kernels have the upper hand in this market, although the growth of Californian pistachio shipments to this destination in recent years should not be overlooked. Due to its availability and competitive pricing, it seems that the Californian pistachio shipments to the Indian market is on the increase during the current marketing year.

5. Spring frost damage has affected some of the main regions of pistachio production in Iran, with severe damages reported in Southern provinces (Kerman, Yazd and Fars). However, the 2023 crop buds have not been affected from the frost in most areas. Other areas including Khorasan, the second major producing province, are reporting good crops. IPA just announced its early season guesstimate of the Iranian 2022 pistachio crop during the INC annual congress at 110,000 MT of dried in-shell pistachios.

6. A low 2022 Iranian crop forecast and small remaining inventory from the 2021 crop has resulted in a sudden drop in sale offers and an expectation for higher prices of Iranian pistachios in local and international markets.

7. Worldwide demand for Iranian natural pistachio kernel has been very strong due to its exquisite quality and price competitiveness. Kernels and green kernels amount to 15% of this year’s total tonnage of YTD pistachio export shipments at the end of the seventh marketing month as compared to 10% for the same period last year. It seems that the imbalance in pricing referred to in the previous point, has affected the kernel market less than the in-shell’s. Given the limited supply of kernels from other sources, we expect that this trend will continue in the near future.
Carry in from prevoius year5,000
Total Production135,000
Gross Inventory140,000
Domestic Consumption15,000
Export Shipments74,000
Adjustment/losses, Export12,000
Total Consumption101,000
Ending Inventory39,000
Note : addjustment / losses related to shelling and peeling process of kernels and green kernels.

 

Current Crop Year 

Monthly Report.pdf
Annual Report.pdf