Italy: Pistachios, record levels for the US exports

Published 2024년 4월 2일

Tridge summary

The export price of U.S. in-shell pistachios to Europe experienced a significant recovery, rising 18% from its November 2023 lows to surpass $7,500 per ton, driven by a rebound in demand following an initial drop due to a record harvest for the 23/24 season. This price increase did not affect the competitiveness of U.S. pistachios, which remain well-priced against counterparts from Iran and Turkey, leading to a notable 90% surge in exports to Italy from September 2023 to February 2024. This boost is largely attributed to the strong demand for U.S. pistachios and the limited availability of Iranian products in the market.

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

Original content

The export price of in-shell pistachios from the United States 21/25, delivered to Europe, recorded an increase of 18% from the lows reached in November 2023, below $7,500/t. According to Areté's analyses, if from August 2023, the arrival of the record 23/24 harvest (around 677,000 t, +70% compared to 22/23), had triggered downward pressure on prices, from the end of November 2023, the restart of demand interrupted and reversed the trend. Between September 2023 and February 2024, exports from Italy reached record levels, +90% compared to the same period of the previous campaign. Fueling the demand for US ...

Source: Corriereortofrutticolo