Tridge summary
Despite facing adverse climatic conditions, Iran has successfully exported 63,000 tons of pistachios, earning $426 million in the first half of this year, marking a 14.54% and 8.44% increase from the previous year. The country aims to double its pistachio exports to 200,000 tons by the end of the year, despite an expected decline in production due to water shortage. Only 8% of Iran is in normal conditions, with the rest experiencing various degrees of drought, leading to significant losses in its agriculture sector. The sector has lost 670 trillion rials ($2.4 billion) since the beginning of the current crop year, with 43% of the losses due to a decline in agronomic crop production. The Agriculture Ministry is developing emergency plans to manage strategic reserves, animal feed, and essential goods, and to fairly distribute water use across different sectors.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.
Original content
EghtesadOnline: A total of 63,000 tons of pistachio worth $426 million were exported from Iran during the first half of the current Iranian year (March 21-Sept. 22), registering a 14.54% and 8.44% growth compared with the similar period of last year, according to Agriculture Ministry official, Darab Hassani. “We expect the exports to reach 200,000 tons by the [fiscal] yearend [March 20, 2022],” he was quoted as saying by IRNA.On average, Iran exports 80% of its total pistachio yields. Vietnam, Hong Kong, Germany, the UAE, India, Iraq, Russia and Turkey are Iran’s traditional export markets. A total of 278,426 tons of pistachios are expected to be produced in Iran in the current Iranian year (March 2021-22) to mark an 80,000-ton decline compared with last year, the official had said earlier.“The fall in production will be due to unfavorable climatic conditions experienced this year, including low precipitation levels, water shortage and extreme cold in spring and ...
Source: Eghtesadonline.com
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