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DECEMBER PISTACHIO SHIPMENT REPORT

REPORTS


Click on the link for the shipment report from the ACP.

MARKET UPDATE

We want to wish everyone a safe, healthy, and prosperous 2024.


The American pistachio crop is 1.492M lbs (676,000 MT) making it the largest crop to date.


Shipments continue to break records with December shipments year to date at 511M Lbs (232,000 MT) which is 73% ahead of last year.  We saw a large increase in shipments to Europe, primarily Germany, as well as huge increases in shipments to China. In looking at our shipping schedule for January I expect another strong shipping report for the industry to come out by mid-February.


At the recent Peanut Tree Nut Processors Association meeting in Bonita Springs, Florida the pistachio presentation had the following key points:


  • Demand remains very strong overseas while domestic shipments remain flat.
  • Most expect carry out from the 23 crop to be in the 250 to 300M lbs range making it one of the smaller carryouts in the past 3 years.
  • Next year will be the “off” year for production with an estimated crop of 1.25B lbs (565,000 MT) giving us a total American supply on par or slightly below this year.
  • We will see a stable to firming market for the remainder of Q1, Q2, and into Q3.
  • Demand for kernels is increasing while we may see constraints on supply for near future needs.


As always if you have any questions or needs, please reach out to us.

As always please feel free to contact us with any questions, comments or inquiries.

Sincerely,

Jim Zion
Meridian Growers