About 99 percent of all pistachios grown in the U.S. originate in California and the state also grows virtually all of the country's almonds. In fact, California's share in global almond production is 80 percent. "While almonds are in the top three of California's crops in terms of production volume at 2.4 billion pounds, for us pistachios are what we produce more of," says Michelle Carter with Meridian Growers. In addition to pistachios and almonds, the company also brings Arizona-grown pecans to market.
Strong pistachio exports
In 2023, U.S. growers harvested a record 1.49 billion pounds of pistachios. A significant portion is consumed by countries outside the U.S. Meridian Growers ships about 20 percent of their production domestically and the large majority is exported to overseas markets. Despite the record crop and the fear of oversupply, exports started off strong. "In recent years, we have seen tremendous growth in pistachio exports," shared Carter. "Thanks in large part to the American Pistachio Growers association, their health and ingredient messaging has helped to propel demand. It shows consumers how pistachios are so much more than just a salty snack."
Asia and Europe are the main markets for Meridian's nuts. Within Asia, China purchased more than 200 million pounds of pistachios during the first four months of the new marketing year compared to about 79 million pounds the same time last year. Pistachios are an important staple during Chinese New Year's celebrations, driving consumption. Within Europe, Spain, Italy, and Germany are significant buyers of U.S. pistachios and almonds.
Just last week it was announced that starting April 11, the U.K. will suspend tariffs on almonds for at least two years. "When tariffs are reduced or removed, we tend to see an increase in demand and are hopeful we can expect to see that happening with the U.K. as well," commented Carter. The tariffs amounted to four percent on inshell almonds and two percent on raw kernels and have been in place since the U.K. left the European Union in 2021.
Pricing
"The combination of increased production and strong exports has resulted in a fairly stable pistachio market," commented Carter. "The almond and pecan markets, on the other hand, have seen more pricing fluctuations. "Compared to pistachios, we've seen more increases and decreases in pricing this season, but nothing more than usual," she added.
For more information:
Michelle Carter
Meridian Growers
Tel: (+1) 559-458-7272
mcarter@meridiangrowers.com
www.meridiangrowers.com