World pistachio production approaches 1 million tonnes in 2020/21

Published 2021년 4월 21일

Tridge summary

The global pistachio market is booming, with record production reaching 985 thousand tons in the 2020/21 season, a 40% increase from the previous season, led by the United States and Turkey. Despite a decrease in production in Iran, exports are expected to rise by 15%. In the United States, pistachio production is projected to grow by 42%, and exports by 20%, but high record stocks could lead to price pressure. Turkey's production is set to nearly triple. Meanwhile, Europe's pistachio production is expected to decline due to crop losses, but imports are set to increase. There is growing interest in pistachio cultivation in Central Asia, particularly in Uzbekistan, Georgia, and Ukraine.

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

Original content

EastFruit experts constantly draw the attention of Central Asian investors to the prospects of growing pistachios in the region. Therefore, we continue to closely monitor the global market, where pistachio continues to be in high demand, and the leading countries continue to increase its production. So in the 2020/21 season, according to the US Department of Agriculture (USDA), the world pistachio production reached a record 985 thousand tons. The increase in production over the previous season is 40%. The increase in production will be achieved due to the high harvest in the United States and Turkey. The specificity of pistachio consists in a clear frequency of fruiting, when every second season is fruitful. It was the 2020/21 season that became "fruitful", which is why production grew so dramatically. At the same time, the production of pistachios in Iran decreased by 7% - to 190 thousand tons, because there is a reverse cyclicality to that observed in the United States. ...

Source: Eastfruit