The Indian Business Owner TIBO Magazine - Volume 001 | Page 28

Tree Nuts:
World Markets and Trade
Pistachios

imports from Iran.

Global production for 2015/16 is estimated to plunge
86,000 metric tons (tons) from the previous year
to 529,000 as U.S. output declines and more than
offsets a jump in Turkish production. As a result
of lower available supplies, world consumption and
ending stocks are expected to fall. Global exports are
estimated down 54,000 tons to 280,000 tons primarily
due to lower shipments from the United States.

EU imports are expected nearly unchanged at 70,000
tons, with the United States supplies the majority.

U.S. production is estimated to be down by nearly
half from the previous year to just 122,000 tons,
the smallest crop harvested in nearly a decade. In
addition to yields being in the off-year cycle of the
crop’s alternate-bearing nature, lack of chill hours in
the winter of 2015/16 and the drought contributed
to below-average yields. Although the season started
with record-high beginning stocks, the steep output
drop has limited the ability of the industry to meet
demand. Exports are estimated to drop 58,000 tons
to 80,000 on lower shipments to top markets China
and the European Union (EU).
Iran’s off-year production is estimated to decrease
20,000 tons to 210,000 primarily on lower yield in
the top-producing province of Kerman as bearing
area for the country remains unchanged. Exports are
estimated nearly unchanged at 190,000 tons on steady
trade to China, EU and Turkey. Consumption is
expected to decrease as a result of the smaller harvest.
Although Turkey’s production is estimated to jump
45,000 tons to 130,000, it will have limited effect
on trade as almost the entire harvest is consumed
domestically. After rising 2 consecutive years, imports
are expected to drop to 10,000 tons.
China’s imports are estimated to ease 12,000 tons to
70,000 following several years of growth. Shanghai
and Beijing are key markets for U.S. pistachios,
whereas other cities prefer more competitively-priced
26 |TIBO Magazine - Fall 2016

Almonds
Global almond production for 2015/16 is estimated
to increase 22,000 tons from the previous year to
1.1 million metric tons due to increased output in
the United States. With world consumption rising
at a higher rate than production, ending stocks are
expected to fall 7,000 tons to 219,000. Global exports
are expected to decline 4,000 tons to 656,000 mostly
due to lower shipments from Australia.
Selected Producers
• The United States gains 14,000 tons to 862,000 on
increased bearing acreage.
• Australia is just 2,000 tons higher at 77,000 as area
expansion slows.
Selected Exporters
• The United States is up 4,000 tons to 580,000 on
stronger demand in the EU and China.
• Australia is down 8,000 tons to 50,000 tons
primarily on lower shipments to the United Arab
Emirates.
Selected Importers
• United Arab Emirates falls 25,000 tons to 36,000 on
weaker-than-anticipated demand.
• Japan drops 6,000 tons to 32,000 as consumption
slows.
• EU rebounds 23,000 tons to 265,000 on record
consumption.
Walnuts
Global walnut production for 2015/16 is estimated to
rise 155,000 tons from the previous year to 2.0 million
tons, with China and the United States accounting
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