Nuts Market Spotlight: Pistachio Surge Leads Seasonal Rally as Demand Outpaces Supply

With festive and wedding season orders flooding the market, pistachio prices have taken center stage in the nuts segment this week, reflecting broader trends that are likely to shape short-term trading strategies. Pistachios in New Delhi’s wholesale markets surged by ₹100 per kg to ₹2,600 per kg (around $31.20/kg), powered by robust retail and bulk demand. This ongoing rally stems from traditional consumption peaks during celebratory periods in India, which now coincide with globally strong nut consumption patterns.

Market participants remain bullish, anchoring price expectations to a seasonal boost in demand and noting that arrivals to key trading centers have not kept up. As inventories tighten, the firmness in pistachio pricing could well signal wider momentum for the nuts market, especially as similar consumption trends unfold in other varieties like Brazil nuts in Europe. With a backdrop of stable yet elevated global freight rates and variable weather forecasts across top nut-producing regions, the next days could offer further upside or consolidation depending on shipment flows and weather-influenced harvests.

Festive fervor, tight supply, and speculative interest are set to keep the market abuzz. Participants should prepare for continued volatility, tracking both demand signals and region-specific weather updates to guide procurement and trading decisions.

📈 Prices: Latest Market Snapshot

Product	Origin	Location	Delivery Terms	Current Price (EUR/kg)	Previous Price (EUR/kg)	Update Date	Sentiment
Pistachios	IN	New Delhi	Spot	31.20	30.00	2024-10-09	Strongly Bullish
Brazil nuts (medium)	NL	Dordrecht	FCA	6.58	6.58	2025-09-27	Stable

🌍 Supply & Demand Drivers

• Demand: Surging due to India’s festive season, driving aggressive retail and bulk purchasing.
• Supply: Limited new arrivals in main trading hubs, tightening local inventories. European stocks of Brazil nuts steady but facing logistics concerns due to global freight volatility.
• Export Trends: No significant increases in export flows from major origins detected for pistachios; Brazil nut exports from South America reportedly stable post-peak season.

📊 Fundamentals: Market Drivers & Speculative Positioning

• Consumption: Seasonally high, with festivals and weddings front-loading demand in India and Middle East, and stable consumer demand in the EU for premium categories.
• Inventories: Pistachio inventories remain tight, adding to bullish sentiment. Brazil nuts stable on ample European import stocks.
• Speculative Activity: Short-term buying as traders and end users seek to secure supplies ahead of further price rises.

🌦️ Weather Watch: Key Growing Region Outlook

• Iran & USA (Pistachios): Generally favorable post-harvest weather, but isolated concerns over delayed rains in California could affect next season’s bud development.
• Brazil & Bolivia (Brazil nuts): Forecast indicates normal rainfall patterns; no immediate harvest threats.
• Subcontinent (India): Dry, warm weather supporting post-harvest logistics; no disruptions expected in incoming supplies via ports.

🌎 Production & Stock Comparison: Global Trade Flow Snapshot

Nuts	Main Exporters	Main Importers	2023/24 Production (est.)	2023/24 Stocks (est.)
Pistachios	USA, Iran, Turkey	China, India, EU	1.1m MT	Low-to-moderate
Brazil nuts	Brazil, Bolivia, Peru	EU, USA	100k MT	Normal

📆 Trading Outlook & Recommendations

• Maintain long positions or accelerate procurement for pistachios as further seasonal gains are likely over the next week.
• Retail and food industry buyers should consider covering near-term needs due to tight supply and ongoing festive demand.
• Monitor bulk shipment arrivals and weather developments, especially in California as the situation may impact medium-term prices for pistachios.
• Brazil nuts market remains balanced; short-term speculative activity unnecessary barring sudden shipment delays.
• Watch currency movements, as INR/EUR and USD volatility may further influence import pricing to South Asia and Europe.

🔮 3-Day Regional Price Forecast

Market	Product	Forecast Price	Direction
New Delhi	Pistachio	₹2,630-2,670/kg (≈$31.50-$32.00/kg)	Up
Dordrecht (NL)	Brazil nuts	€6.60-6.65/kg	Stable