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TOMATOLAND WORLD PRICE INDEX – JAN. 2017
Products for the industry – crop 2016 Price per Kg, packed in aseptic bag in 220 l. (55 gal) drum – unless otherwise specified Origin 28/30CB 28/30HB* 36/38CB 12/14HB Diced Crushed Italy € 0.780 € 0.800 € 1.020 € 0.440 € 0.390 € 0.350 Spain € 0.730 € 0.760 € 0.930 € 0.400 €
Nigeria adjusts Tariffs to spur investments in tomato production
The Nigerian government has adopted strategies to spur investments in the local production of tomato paste including raising the tariff on imported purees and reduction of tariff on green house equipment. The new measures were part of decisions taken at Wednesday’s meeting of the Federal Executive Council, FEC, presided over by the Acting President, Professor
Copador facing a severe financial crisis
Copador, one of the largest fresh tomato processors in northern Italy, with 600 direct employees including permanent and seasonal ones, with an annual production capacity of 300 000 MT. of fresh fruits, has recently requested from the court a plan of continuation (concordat). A restructuring plan will have to be presented within 120 days. Copador’s
Crops volumes & 2017 crop forecast as of Jan 25th., 2017
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California : processors pushing for a drop in fresh tomato price in 2017
Last November, The CTGA conducted an exchange of offers with 8 processors for the 2017 season. The offers range from $ 58.00-$71.00 per short ton for next season, and up to $74.00 for CTGA’s proposal (against $72.50 in 2016). 2017 Base Price / sT 2017 Late Season Premiums / sT 15-21 Sept 22-28 Sept 29
Ketchup squeezed by Brexit as price of a bottle of Heinz tomato sauce rises
Ketchup prices are being hit as Brexit is blamed for families shelling out more for their favourite tomato sauce. For millions who slather their fish and chips or bangers and mash with Heinz Tomato Ketchup are doling out 15% more than last year as a 342g bottle is now £1.45. Research by market analysts Brand
California processing tomato production, acreage to fall dramatically this year
As of January, California’s tomato processors reported they have, or will have, contracts for 11.6 million tons (10.5 million MT) in 2017, which would be the lowest contracted production since 2006. After the record production years of 2014 and 2015, the base inventories are high, contributing to the lower anticipated contracted production. Processors estimate that
TOMATOLAND WORLD PRICE INDEX – DEC. 2016
Products for the industry – crop 2016 Price per Kg, packed in aseptic bag in 220 l. (55 gal) drum – unless otherwise specified Origin 28/30CB 28/30HB* 36/38CB 12/14HB Diced Crushed Italy € 0.780 € 0.800 € 1.020 € 0.440 € 0.390 € 0.350 Spain € 0.750 € 0.760 € 0.950 € 0.400 €
Brazil: increase of the tomato acreage
After 2 years of drops, finally the tomato acreage went up by 1% in 2016. Also favorable weather conditions made possible an average yield of 75T/ha against 70T/ha in 2015. Carry-over stocks will be relatively low, so we can expect a high production volume in 2017 with up to 10% increase in the acreage. Moreover,
Ontario: 2017 commercial tomato crop in peril
Processors representing over 50% of Ontario’s commercial tomato processing have announced they will not contract with tomato seedling producers until the recommendations of the Province’s independent Farm Products Marketing Commission are implemented. « The current system is not economically sustainable » said John Iacobelli, CEO of Sun-Brite Foods « After years of thorough review, the Commission recognized that
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