- Global pistachio markets remained firm in Q2’26 as supply uncertainty and strong confectionery demand supported prices across Asia.
- Feedstock availability was influenced by Iranian logistics disruptions, US shipment flows and expectations for upcoming harvest supply.
- Downstream demand remained supported by food manufacturing, with China’s food output increasing 6.9% year over year in May.
Pistachio prices in China increased to ~USD 15,104.55/MT in April and ~USD 15,131.00/MT in June, showing a ~0.2% increase. The market remained supported by supply uncertainty caused by disruptions affecting Iranian export logistics and strong demand from confectionery, bakery, nut snacks and premium desserts. Iranian exports continued despite logistical challenges, but irregular shipment timing increased buyer concerns across Asian markets. US shipments to Asia declined 13.8% year over year in April, tightening alternative supply availability, before recovering in May with shipments rising 14.5% year over year. India received higher US shipments during both April and May, supporting demand but also reflecting stronger restocking activity. In India, pistachio prices increased to ~USD 15,104.55/MT in April and ~USD 15,589.00/MT in June, showing a ~3.2% increase. Indian demand remained supported by confectionery and food-processing applications, while increased shipments from the US helped moderate supply pressure later in the quarter. China and India remained key Asian buyers, with demand also influenced by premium pistachio kernel requirements for specialty confectionery products. Crop expectations from Türkiye and Iran affected sentiment, as weather-related risks and logistics uncertainty limited confidence in near-term supply improvement.