South African farming group Karoo Pistachios is ramping up output to capitalise on surging prices and compete with the world’s biggest producers.
The nuts — used in ice cream and chocolate — climbed to the highest level in almost a decade this month as the conflict in Iran, the world’s second-largest grower, disrupts supplies in an already constrained market.
Growers are betting that climate conditions in the semi-arid Karoo region can turn the region’s newest crop into a viable export industry. The push highlights how geopolitical shocks are reshaping agricultural supply chains, creating incentives for new…
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