Jun 18, 2024Pistachio Shipments see mixed trends
Meridian Growers reported a 16% decrease in May pistachio shipments compared to the previous year. Despite this dip, year-to-date shipments are up by 42%, reflecting a robust overall performance.
The May decline is attributed to shrinking inventory as sellers hold onto 2023 stocks to meet 2024 needs. Concerns are rising about the 2024 crop, with projections falling short of the 1 billion pound mark, according to the Meridian Growers update.
“While the recent dip in May shipments is concerning, the overall year-to-date increase shows strong demand for our products,” stated Jim Zion of Meridian Growers in the report. “We are closely monitoring the 2024 crop situation and will keep our stakeholders informed.”
On a positive note, domestic shipments saw a slight increase, signaling renewed growth in a previously sluggish market. This uptick coincided with efforts by American Pistachio Growers to boost domestic demand the report indicated.
International markets continue to dominate, accounting for 80% of all shipments, with significant growth in both Asia and Europe. Kernel sales are also on the rise across all markets, driven by the pistachio’s unique attributes.
Meridian Growers has partnered with The Pistachio Factory to enhance production and marketing of pistachio butter and paste, capitalizing on the nut’s distinctive qualities.
For more information, visit meridiangrowers.com.
