Pistachio production in Iran to grow this year

Published 2020년 9월 8일

Tridge summary

Iran is projected to see a significant increase in pistachio harvest this year, with production expected to rise by 14-31% to between 200-230 thousand tons, as per the Association of Dried Fruit Exporters from Iran. This increase comes amidst challenges in the global nut market, such as reduced demand due to the COVID-19 pandemic and the US set to decrease pistachio exports by 28%. Furthermore, Iranian exporters are facing logistical and payment issues due to US sanctions and the SWIFT system shutdown, targeting Iranian banks. China has been the primary market for Iranian pistachios in the past, with Europe and the Middle East following as secondary and tertiary markets.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The harvest of pistachios in Iran this year will be significantly higher than last year, EastFruit reports, citing a statement by the Association of Dried Fruit Exporters from Iran, which is quoted in the Tehran Times. According to the Association, in the current calendar year, which according to the local calendar ends on March 20, 2021, the production of pistachios in the country will grow by 14-31% and reach 200-230 thousand tons. The increase in the supply of pistachios in Iran will occur against the backdrop of a rather unfavorable situation in the world nut market for Iranian suppliers. Firstly, global traders are already talking about a significant drop in demand for nuts due to the effects of the COVID-19 pandemic, and, for example, the United States, Iran's main competitor in the pistachio market, will reduce the export of these products by 28% to 200 thousand tons per season. -2019/20 (September-August), which we wrote about earlier. As a result, this season pistachio ...

Source: Eastfruit