Pistachio growers are looking at a good harvest this year.
USDA has this year’s crop at 1.1 billion pounds, the third largest on record. American Pistachio Growers says trees planted a decade ago are finally starting to produce. They tell the Capital Press that a big focus is on export markets and say they are monitoring the situation closely in Washington, D.C.
If projections remain unchanged, the U.S. will lead the world in pistachio production for the ninth consecutive season.
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Economists are also closely watching how policy decisions in Washington could influence markets moving forward. Analysts say deferred futures for corn, soybeans, and wheat suggest markets are operating near break-even levels, not at prices that would encourage expanded production.
