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Speaker 1: Well as we've navigated and negotiated through and indeed talked

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Speaker 1: a great deal about an incredibly unsettled and difficult world

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Speaker 1: trading environment. We often talk about in agriculture the crops

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Speaker 1: that we already grow and the way in which we

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Speaker 1: can get them to new markets. However, my eye was

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Speaker 1: caught by a really good piece on the Daily Maverick site.

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Speaker 1: Nissa Moodley is the journalist and she's been talking about

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Speaker 1: the growing pistachio industry that's making its way into pistachio

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Speaker 1: orchards that are being set up across the Northern Cape.

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Speaker 1: It's a fantastic and fascinating opportunity that is slowly but

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Speaker 1: surely being created. And one of the principal players in

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Speaker 1: that as a funder is the company FED Group, and

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Speaker 1: Warren Winchester is a partner in alternative management at Fedgroup.

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Speaker 1: Mister Winchester, welcome and thanks very much for your time.

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Speaker 1: Why pistachios, hie than in John to you and your listeners.

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Speaker 2: Yes, I think possess this unique opportunity in the Northern

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Speaker 2: Cape of South Africa if you look at just the

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Speaker 2: climatic conditions and the opportunity to be able to divert

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Speaker 2: if out of normal road crops into a high value

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Speaker 2: crop that's perfectly suited for the region.

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Speaker 1: Yeah, and I'm just reading in Nice's Peace, and obviously

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Speaker 1: you you this is something that I'm sure factored into

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Speaker 1: your decision. I think that virtually all the world's pistachios

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Speaker 1: are high value crop, as you say, are produced in

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Speaker 1: the Northern hemisphere. Why does us being a Southern Hemisphere

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Speaker 1: player create potential advantage?

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Speaker 2: Yes, very good question, John. If you look at, you know,

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Speaker 2: counter farclical supply into the Northern Hemisphere, there's a key

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Speaker 2: opportunity to be able to fulfill a supply window when

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Speaker 2: there isn't much nuts in the market at that time.

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Speaker 2: If you have to look at the countries that are

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Speaker 2: courage using, they're all facing semic issues, a geopolitical turmoil

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Speaker 2: or drying up water reserves. And really we've seen the

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Speaker 2: trend of increasing demand only in supply to be able

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Speaker 2: to meet the demand for this particular.

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Speaker 1: That tell us what the future would look like. Some

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Speaker 1: numbers in front of me, sixty thousand tons annually, potentially

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Speaker 1: eight percent of the global market share, and I would

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Speaker 1: assume lots of jobs upstream and downstream. Is this a

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Speaker 1: large agribusiness venture or are there small Is there an

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Speaker 1: opportunity for smaller farmers who could either act as suppliers

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Speaker 1: or work in co ops.

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Speaker 2: Yes, definitely, I think the opportunity twofold. There's definitely an

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Speaker 2: opportunity for large producers to enter into the commercial value

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Speaker 2: chain that we're helping set up. But we're also working

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Speaker 2: quite closely with varianizations to ensure that not only small

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Speaker 2: scale grows, but are the smaller farmers find it economically

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Speaker 2: feasible to be able to take part in this amazing

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Speaker 2: opportun unity. So because of the return that you get

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Speaker 2: per square meter or per millimeters of water or per individual,

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Speaker 2: and once you overlay the job creation metrics and the

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Speaker 2: better utilization of finite resources to generate a return, it

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Speaker 2: really makes economic sense for large players as well as

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Speaker 2: small players to enter into this value chain.

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Speaker 1: And just finally, can we expect to see a boom

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Speaker 1: in the production of pistachio ice cream? Yeah?

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Speaker 2: Absolutely, Pastasia I scream pistascha milk. I think the confectionery

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Speaker 2: start of pastasias is going crazy, So keep a look

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Speaker 2: out for Patasha has.

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Speaker 1: Grown in the Karoo fantastic, Thanks so much, Warren Winchester.

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Speaker 1: He's a partner in Alternative Management at FED Group. I

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Speaker 1: really this is a story I'm going to follow with

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Speaker 1: a lot of interest. The creation of a new is

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Speaker 1: cash crop the right word, I don't know, but an

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Speaker 1: agri business opportunity. And check out Nissa Moodley's piece on

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Speaker 1: the Daily Maverick site. Is some gorgeous pictures of a

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Speaker 1: couple of the orch it's the right word. It's not

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Speaker 1: a fruit anyway, the place where they grow the nuts,

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Speaker 1: that's all you need to know. It's interesting stuff. And

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Speaker 1: you know, anyone out there might be involved in this

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Speaker 1: or thinking of getting involved, get in touch with us.

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Speaker 1: Oh seven two, seven oh two one, seven oh two.

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Speaker 1: It's four o'clock