Australian pistachios Grant Birrell The heavy lifting Aussie - PowerPoint PPT Presentation

Australian pistachios Grant Birrell

The heavy lifting Aussie pistachio

Aussie pistachios • Global picture • Australian production/marketing • Industry expansion

Global pistachio production Annual crop production (tonnes) 800,000 700,000 600,000 500,000 400,000 300,000 200,000 100,000 0 2014 2015 2016 2017 2018 Crop year

Global pistachio production The USA is dominating global production 100% 90% 80% 70% 60% 50% 40% 30% 20% 10% 0% 2014 2015 2016 2017 2018 USA Iran Other

Australian v global production Australia 0.4% of global production tonnes in 2018 800,000 750,000 700,000 600,000 500,000 400,000 300,000 200,000 3,200 100,000 0 2018/19 World Australia

$1.50 $2.00 $2.50 $3.00 $3.50 $4.00 $4.50 $5.00 $5.50 $6.00 May-04 Oct-04 Mar-05 Aug-05 USA pistachio pricing 2004 to 2018 Jan-06 $US/lb FOB pricing for R&S 21/25 Extra #1 Jun-06 Nov-06 Apr-07 Sep-07 Feb-08 Jul-08 Dec-08 May-09 Oct-09 Mar-10 Aug-10 Jan-11 Jun-11 Nov-11 Apr-12 Sep-12 Feb-13 Jul-13 Dec-13 May-14 Oct-14 Mar-15 Aug-15 Jan-16 Jun-16 Nov-16 Apr-17 Sep-17 Feb-18 Jul-18 Dec-18

Major USA pistachio market destinations Annual shipments (tonnes) 100% 90% 80% 70% 60% 50% 40% 30% 20% 10% 0% 2013/14 2014/15 2015/16 2016/17 2017/18 USA China/HK W. Europe

The Trump effect China tariffs; USA Raw 45% USA R&S 15% Australia nil

$11.00 $13.00 $15.00 $17.00 $19.00 $5.00 $7.00 $9.00 May-04 Oct-04 Australian pistachio pricing 2004 to 2018 $A/kg trade pricing of imported R&S 21/25 Extra #1 Mar-05 Aug-05 Jan-06 Jun-06 Nov-06 Apr-07 Sep-07 Feb-08 Jul-08 Dec-08 May-09 Oct-09 Mar-10 Aug-10 Jan-11 Jun-11 Nov-11 Apr-12 Sep-12 Feb-13 Jul-13 Dec-13 May-14 Oct-14 Mar-15 Aug-15 Jan-16 Jun-16 Nov-16 Apr-17 Sep-17 Feb-18 Jul-18 Dec-18

Australian production v Australian demand Pistachio production is ramping up (tonnes) 9,000 8,000 7,000 6,000 5,000 4,000 3,000 2,000 1,000 0 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 Australian Production Australian Demand

Australian pistachio consumption Supermarkets Marketing Provenance Healthy Snacking Kernel IS v kernel pricing

Australian industry 1,000+ hectares 35 growers Active R&D Increasing yields New plantings New growers

Australian Industry Record 2018 crop 2019 season off crop 1700-1800 tonne Large nut size Excellent quality Hulling expansion

In summary Increasing global production Resilient pricing Expanding Australian production

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