Report: Pistachios dominate California tree nut industry

Rabobank has released its latest pistachio report, which can be found here.

Some key takeaways from the report include:

• Supply 
1. In 2021, new pistachio acreage totaled over 34,000 acres, making pistachios the fastest-growing acreage in the California tree nut industry. 
2. The U.S. possesses 60% of the global pistachio market with production numbers totaling over 1 billion lbs. per year.

• Demand
1. China, India, and the European Union are the largest primary importers of pistachios. 
2. The “better-for-you” product trend has elevated the desirability of pistachios as a snack food.
• Pistachios are considered a complete protein with high digestibility values. 

• Return on Investment (ROI)
1. Rabobank reports higher gross returns for pistachios in comparison to walnuts and almonds in California (during the past two decades).
• Average grower returns are expected to be around USD 2.63/lb. for the 2022-2023 to 2026-2027 period.