U.S. pistachio exports to China soared 2.3 times

Published 2024년 4월 7일

Tridge summary

The U.S. Department of Agriculture forecasts a record-breaking pistachio production of 1.5 billion pounds for the 2023/24 season, a nearly 70% increase from the previous year, primarily due to favorable conditions in California. This season also sees a significant rise in pistachio exports, especially to China, driven by the lowest export prices since May 2009. However, the article anticipates a decrease in export volume and a potential increase in purchase prices in the latter part of the 2023/24 season, attributed to an expected lower harvest in the 2024/25 season. This anticipated reduction in yield per unit area for the 2024/25 season suggests a year-on-year decline in total pistachio production, affecting market dynamics and inventory levels.

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

Original content

The latest issue of the U.S. Fruit and Tree Nut Outlook released by the U.S. Department of Agriculture shows that according to the American Pistachio Stewardship Council (ACP), the U.S. production of in-shell pistachios in the 2023/24 season (September 2023 to August 2024) is expected to reach a record 1.5 billion pounds (about 680,000 tons). If achieved, the production in the 2023/24 season will increase by nearly 70% from the previous season and 29% higher than the previous record set in the 2021/22 season. Compared with the previous season, California orchards experienced sufficient cold periods and water supply, and the pistachio fruiting area increased by nearly 30,000 acres (about 12,000 hectares). The area of pistachio cultivation in California has increased fivefold in 20 years, surpassing walnuts in the 2021/22 season and ranking second in California's nut planting area. ACP estimates that in 2023, the area of pistachio cultivation in California will be about 461,000 ...

Source: Guojiguoshu