Pistachio prices nearly double as West Asia crisis hits supply
In short
Pistachio prices have gone up sharply this festive season. The reporting says prices from Iran, Afghanistan and California have risen, and California’s crop is expected to be only about 40% of last year. Almonds are also up 20%.
This matters because dry fruits cost more for shoppers and sellers during a key buying period. The reporting does not say how much retail sales may fall or whether prices will keep rising.
What the reporting says
Pistachio prices have nearly doubled in India this festive season, while almonds are up 20%, according to a Nuts and Dry Fruits Council of India representative cited in the reporting. The source says prices have risen across origins including Iran, Afghanistan and California, and that California’s crop is expected to be only about 40% of last year. The immediate effect is costlier dry fruits for buyers, but the full retail impact on festive demand is not stated.
Why it matters
Pistachio prices have risen sharply this festive season, with wholesale prices up about 50% and retail prices even higher, according to a Nuts and Dry Fruits Council of India representative quoted in the reporting. The increase is linked to weaker California output, estimated at about 40% of last year’s crop, and higher prices across origins including Iran and Afghanistan. Almonds are also said to be up 20%, affecting festive-season buyers and traders.