US EditionPistachio Prices Hit Eight-Year High on War in Major Grower Iran
7 Articles
7 Articles
After disrupting the global supply chains of essential fuels and fertilizers, the war in Iran has triggered the prices of a very popular dried fruit grown in the country — pistachio — to reach its highest level in eight years. Iran is the world’s second largest producer of pistachios, which are consumed alone and also as a regular ingredient in ice creams, chocolates and beverages. The conflict is reducing supply in an already limited market, at…
Global pistachio prices surged to an eight-year high as supply disruptions stemming from the US-Iran trade war, the world's second-largest pistachio producer, coincided with rising demand. Data from Expana Markets, reported by Bloomberg, showed pistachio prices reaching $4.57 per pound in March, their highest level since May 2018. Nick Moss, a nut market analyst at Expana Markets, said that the Iranian pistachio trade was already facing challeng…
The war in Iran, which is driving up the prices of fuel, fertilizer and other key raw materials, is also driving up the price of pistachios. The crop, of which Iran is a key producer, is now the most expensive in eight years.
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