Pistachios are dealt in the commodity exchange of Iran. Farmers have harvested 130,000 tons of pistachios in 2021.
The pistachio symbols in the commodity exchange show the capacity of about 150 tons of stocks of pistachios in the exchange. This is small amount of the pistachio market, but with the boom in transactions, this capacity can be increased.Iran pistachio production in 2021 has decreased in comparison to the last year.commodity exchange market analyst
Mohammad Reza Bargi says: “Unfortunately, most of the volume of pistachios produced is now priced out of stock, a market where there is a zero to one hundred chance of a broker and a decrease in agricultural profits.” Farmers do not have enough knowledge about commodity exchanges and pistachio supply and need training.
Pistachio has been traded on the Commodity Exchange in two markets and other certificates. There has been a commodity deposit certificate since 2018 and most pistachio transactions have been based on this certificate.
This certificate is such that the farmer, according to the standards set by the Commodity Exchange, sends their pistachios to the Commodity Exchange warehouses and receives the warehouse receipt certificate, which is converted into a deposit certificate and can be traded on the trading board.
Pistachio producers sends their pistachios to the Commodity Exchange warehouses and receives the warehouse receipt certificate, which is converted into a deposit certificate and can be traded on the trading board.how pistachios are dealt in Iran commodity exchange
The last time it was traded in the physical market was in 2016, and since then no pistachio has been traded in the physical market in the commodity exchange.
Commodity deposit certificate has advantages such as the possibility of certifying, product insurance against possible damages, easy storage, elimination of intermediaries between the farmer and the buyer and other things that farmers should be familiar with.
Based on prediction and production modelling, the amount of pistachio production for the year 2021 was about 150,000 tons, which according to the announced figures, but in reality had a 25% drop in production compared to last year.
One of the reasons for the decline in pistachio production is how this product bears fruit; Which is becoming more fruitful in the middle of the year, and this year we are in a year of decline. Water scarcity, mismanagement, inflation, increased production costs and misuse of brokers are some of the factors that have reduced the production of this competitive product.
According to the latest FAO reports, the area under pistachio cultivation in our country is about 350,000 hectares, which can be harvested about 500 to 700 kg per hectare. The United States, which ranks first, produces more than 400,000 tons of pistachios.
Iran pistachio production in 2021