Story perspectives

Pistachio Prices Surge to 2018 High Amid Iran Conflict

4/28/2026

Summary

Story summary

Pistachio prices hit $4.57 per pound in March, the highest since May 2018, per Xpana.
Iran, which provides one-fifth of global pistachio output and one-third of exports, lost shipments to the UAE and other Middle Eastern hubs on March 2 after the conflict began.
Combined with drought-hit Iranian crops, below-expected harvests in the United States and Türkiye, and rising demand for pistachio-flavored products in South Korea, the supply squeeze intensified market pressure.

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Story summary

Pistachio prices hit $4.57 per pound in March, the highest since May 2018, per Xpana.
Iran, which provides one-fifth of global pistachio output and one-third of exports, lost shipments to the UAE and other Middle Eastern hubs on March 2 after the conflict began.
Combined with drought-hit Iranian crops, below-expected harvests in the United States and Türkiye, and rising demand for pistachio-flavored products in South Korea, the supply squeeze intensified market pressure.