South Africa's Karoo Region Bets on Pistachio Boom

Pistachio prices have surged to multi-year highs as the war in Iran tightens supply. Now, South Africa’s Karoo region is stepping into the spotlight, as farmers bet they can carve...

By Bloomberg Markets · Bloomberg Markets

Pistachio prices have surged to multi-year highs as the war in Iran tightens supply. Now, South Africa’s Karoo region is stepping into the spotlight, as farmers bet they can carve out a place in a market long dominated by a handful of producers. Bloomberg's Jennifer Zabasajja reports. (Source: Bloomberg)