Global sanctions may affect Iran pistachio exports:
The global peanut trade is facing unexpected turmoil due to tension between Iran and the United States.
International pistachio trade is worth several billion dollars and is growing in value as demand grows.
The United States and Iran control the global pistachio trade, controlling 70 to 80 percent of annual production in the last 10 years.
Over the past 40 years, Iran has been under pressure from sanctions and other restrictions. Although the pistachio itself is not banned, the restrictions on global banking system has put Iran in difficulties.
Things changed dramatically in 2016 after the nuclear agreement with Iran, which led to the easing of sanctions on Iran.
After the sanctions were relaxed, not only Iranian oil flowed into world markets, but Iranian pistachio exports found their way into international markets.
But Iranian pistachios export to international markets may face difficulties again. US President Donald Trump has warned that the US could end its commitment to the Iranian nuclear deal, signed under former President Barack Obama.
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Iran's Pistachio export may be in difficulty if US withdraws commitment 2 the nuclear deal signed by Mr Barack Obama https://t.co/MklHkfJmvJ— Jayaraj (@Sjayaraj1999) November 1, 2017
