Italian Pistachio Prices Decrease on Global Production Outlook, Continued Weak Demand

In Italy, the wholesale price of pistachio kernels dropped by 3% MoM, with Iranian and US origin pistachios at USD 15.68/kg and USD 13.51/kg, respectively. This decline is due to the upcoming Northern Hemisphere harvest and ongoing weak consumer demand in Europe, compounded by high inventory levels and the prospect of a record global harvest. Amid the abundant harvests of nuts like almonds, walnuts, and hazelnuts, nut prices globally are facing downward pressure.