Why Iran’s ‘Green Gold’ is set to Rebound

Other than the above mentioned measures, experts also say Iran could increase its exports by further improving the quality of its pistachios, such as through better cultivation. Removing customs duty restrictions, establishing banking enterprises to connect producers and exporters and providing support to exporters for long-term contracts are among other measures that could boost the Iranian pistachio industry.

Despite the hurdles and threats the industry faces, the latest statistics indicate that Iran exported more than 40,000 tons of pistachios worth in excess of $381 million in the first half of the current Iranian year (beginning March 21, 2016). The figures show a 22% increase in terms of weight and a 20% jump in terms of value over the previous year. As a result, Iran is expected to export more than 136,000 tons of pistachios by the end of the current Iranian year (ending March 20, 2017).

With the Iranian government successfully moving toward reducing its reliance on oil revenues in recent years, it is expected to dedicate a good deal of attention and resources to the pistachio industry to maintain its lion’s share of the global market. Data released by the US Department of Agriculture is a clear indication in this regard, suggesting that Iran will remain the world’s biggest pistachio producer for the 2016/17 crop year.

(Picture credit: Paolo Galli)

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