Global pistachio production reaches a new high, and China’s imports are expected to double!

Raw Pistachio

Nuts & Seeds

United States

Market & Price Trends

Published Mar 5, 2024

Tridge summary

The Global Tree Nut Market and Trade Situation report forecasts a record high in fruit production by nearly 40% in the 2023/24 season, reaching 1.1 million tons, driven by increased production in the U.S. and Iran, despite a reduction in Turkey. Global exports and consumption are also expected to reach new highs of 561,000 tons and 976,000 tons respectively. Iran's pistachio production is set to rise by 42% due to improved growing conditions, while the U.S. will see a 69% increase. However, Turkey's output will drop by 20%, and China's imports are projected to more than double.

Disclaimer: The above summary was generated by a state-of-the-art LLM model and is intended for informational purposes only. It is recommended that readers refer to the original article for more context.

Original content

The "Global Tree Nut Market and Trade Situation" recently released by the U.S. Department of Agriculture shows that due to the increase in production in the United States and Iran, which exceeds the production reduction in Turkey, the world is expected to be happy in the 2023/24 season (September 2023 to August 2024). Fruit production will surge by nearly 40%, reaching a record high of 1.1 million tons. As the production of major exporting countries increases, global exports are expected to increase by more than 30% year-on-year, reaching 561,000 tons. Consumption is expected to continue to climb to a record high A record of 976,000 tons. Improved growing conditions this season are expected to push Iran's pistachio production back up 42% to 150,000 tonnes, after lower yields due to frost and reduced rainfall in previous years. Iran's exports are expected to rebound as supplies increase 65 %, reaching 115,000 tons, with the main export markets being China, the EU and Turkey. The ...

Source: Guojiguoshu