The “Wholesale pistachios price” is first determined by factors including kind, quality, and quantity. Pistachios come in a variety of varieties, the most popular being Akbari, Ahmad Aghaei, and hazelnut. The reason why Akbari pistachios are the most expensive is because of their exquisite and opulent look. In terms of price, Ahmad Aghaei’s pistachios come in second. Naturally, the small cultivation area of these two varieties of pistachios contributes to their high pricing in addition to their beauty and quality.
In this post from dingonuts, we will discuss the factors affecting pistachio nuts price.
Wholesale pistachios price determination
Wholesale pistachios price is also impacted by pistachio nuts. This figure actually serves as a gauge for the pistachio’s coarseness. Bigger and more expensive pistachios result from fewer pistachios. There are five different sizes of pistachio nuts: very large, 20 to 22 inches, medium, 22 to 26 inches, fine, and very small, 28 to 34 inches.
Apart from its natural characteristics, national variables also have a significant role in setting the price of pistachios. The first one is the state of the weather. Weather that is favorable boosts output. Consequently, the price of the product rises when the market is unfavorable and output declines. Any product’s harvest season, even pistachios, affects its price. Because prices drop during harvest season due to an increase in supply. Pistachios are primarily harvested at the end of September.
The cost of production is another significant element that affects pistachio prices. These expenses consist of laborers’ pay, the cost of farming equipment, the price of chemical pesticides and fertilizers, etc. It goes without saying that these expenses have a direct impact on the final cost of pistachios. However, the local market’s demand also has an impact on price determination. For instance, prices rise in tandem with demand on the persian new year. Prices are also greatly influenced by the currency rate. because as a result of its rise, more producers are exporting, which raises the price on the home market. Likewise, the implementation of legislation that permits or forbids exports will impact pistachio prices on the domestic market.
Description and analysis of external factors affecting the price of pistachios
Wholesale pistachios price are influenced by external factors that include the supply of rivals, worldwide demand, the quality of relationships with neighboring nations, the New Year, etc. Among the countries that produce pistachios worldwide are America, Iran, and Turkey. As a result, the price of pistachios on the global market will drop as these nations’ supply grows. However, the quantity of worldwide demand for pistachios influences their price in addition to their availability. For instance, one of the things that drives up the price of pistachios on the global market is the Chinese New Year. The world pistachio market fluctuates because this holiday falls during the month of March.
A rise in the price of Iranian pistachios on the domestic market is linked to the growing demand for these nuts from neighboring countries due to increased cooperation and relations.
The cost of pistachio production in Iran and its impact wholesale pistachios price
Pistachio harvesting still requires human labor despite technological advancements. Pistachios must be picked by hand; if they fall to the ground, their skin will become discolored and their value will decrease. Care and the assistance of skilled laborers are required during this process. Pistachios must be peeled after plucking. Up until a few years ago, this task was done by hand. Although pistachio peeling workshops now utilize a machine method that comes with its own expenses, some pistachios are still peeled by hand since they fetch a greater price on the market.
Pistachio drying and sorting which can be done by hand or by machine is the subject of the following section. Human resources are necessary to guarantee the packaging product’s quality during the quality control phase. Human resources are needed to oversee equipment and assist with loading and unloading, even in America, the birthplace of technology.
Pistachios don’t come in a bunch when it comes to picking them, which is another issue. As a result, pistachios are typically picked during three separate summertime seasons. About 60% of the pistachios are typically collected in the first phase, with the remainder being saved for later. Pistol theft is another issue that arises during the season of pistol harvesting. At night, thieves prey on and pilfer pistachio trees from their orchards. This effort hurts the gardener and the garden itself, destroying tree limbs, among other things, in addition to the expense of stolen pistachios. To stop these acts, some individuals may choose to hire security for the garden.
All of the foregoing, combined with the rising cost of fertilizers, pesticides, and chemicals, will raise gardeners’ costs and, as a result, wholesale pistachios price.
Economic factors have a significant impact on pistachio prices
Other elements that drive up pistachio prices in Iran are intermediaries and brokers. In Iran, intermediaries are just as profitable as gardeners. Dealers who have never even tasted the labor-intensive pleasures of gardening for a day. Purchasing pistachios from the garden gate to their supply in pistachio sales centers typically involves a number of intermediaries and brokers. Such a mafia is brought about by the absence of a direct supply center for The owner of the pistachio garden. The value of the currency has a significant impact on pistachio prices in our nation. These days, a lot of manufacturers export their goods due to the abrupt rise in currency prices. Pistachios are far more profitable to export than to sell inside, especially for gardeners, middlemen, and brokers.
Two varieties of pistachios are exported: fresh and dry. Because they have a limited shelf life, fresh pistachios are typically shipped to neighboring countries and the Persian Gulf, where sheikhs are willing to pay a premium for them. The second kind involves sending dried pistachios to nations in Europe and China. However, aside from the expenses of pistachio production and the profit margin in that year, gardeners are always forced to raise their prices due to the uncertainty of future economic conditions.