|YTD Inventory / Shipment Report |
|9th Marketing Month||Crop: 2021||1. The price disparity between origin and most destination markets has widened significantly in the past three months. The exceptionally low shipment volume of the said period is demonstrative of this fact. Export shipments in the third quarter of the current marketing year (9,000 MT) have never been this low in the past twenty years.|
2. 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 9th marketing month as compared to 10% for the same period last year. Given the limited supply of kernels from other sources, we expect this trend to continue in the near future.
3. The IPA official 2022 Iranian pistachio crop production forecast has been revised to 115,000 MT, 15% lower than the previous year crop estimate as it was severely hit by spring frost in the southern growing regions. Khorasan will have the majority share of production for the 2022 crop.
4. The harvest seems to start at least 10 days sooner than normal.
5. Sell offers in origin may gradually start to restore toward the end of the month with the publication of 2022 crop forecast, gradual advent of the new crop, and difficulty in keeping the remaining inventory during the hot summer.
|Carry in from prevoius year||5,000|
|Note : addjustment / losses related to shelling and peeling process of kernels and green kernels.|
Current Crop Year