The export price of US pistachios in shell 21/25, delivered to Europe, has increased by 2023% from the lows reached in November 7.500, below $18/t. According to Areté's analysis, if since August 2023, the arrival of the record 23/24 harvest (about 677.000 t, +70% compared to 22/23), had triggered downward pressure on prices, since the end of November 2023, the recovery in demand has interrupted and reversed the trend.
Between September 2023 and February 2024, exports from the USA reached record levels, +90% compared to the same period of the previous campaign. Fueling the demand for US pistachios, in addition to a limited availability of Iranian product, are prices that, despite the increases, remain more competitive compared to alternative origins (Iran and Turkey).
