Global production of pistachios for 2021/22 is forecast down 16 percent to 829,000 metric tons (tons) on declines in Iran and Turkey, more than offsetting a continued rebound in the United States. As a result of lower available supplies, world consumption, trade, and ending stocks are expected to decline.
Iran production, reported by the Iranian Pistachio Association, is forecast to drop 29 percent to 135,000 tons as frost damage in many growing regions lowered yields despite being the onâyear of the alternate bearing crop cycle. As a result of the smaller harvest, exports are forecast 41 percent lower at 135,000 tons. Domestic consumption is expected nearly unchanged while ending stocks are nearly halved to 5,500 tons.
U.S. production is forecast to rise again, gaining 10 percent to a record 523,000 tons due to a combination of high yields and increased bearing area. The last time output increased in 2 consecutive years was 2010/11 when high yields also combined with increased acreage. This forecast is based on shipments data from the Administrative Committee for Pistachios. Prior years are based on data from the National Agricultural Statistics Service (NASS) as reported in the Noncitrus Fruits and Nuts report. Exports are forecast nearly 25 percent higher to a record 290,000 tons on strong shipments to top markets China and European Union. Despite record consumption and shipments, ending stocks are expected to continue climbing to a record 155,000 tons.
Turkey production is forecast to plunge 65 percent to 87,000 tons due to low yields from the alternate bearing crop cycle. Lower production will have limited effect on trade as almost the entire harvest is consumed domestically.
Click here to view the full report.
Source: apps.fas.usda.gov