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Recession: Dangote threatens to stop tomato paste production

Few days after Erisco Foods Limited threatened to shut down its tomato factory, Dangote Industries Limited last Friday, disclosed plans to stop tomato paste production because of the harsh operating environment that gives advantage to imported production. Group Vice President of Dangote Industries Limited, Alhaji Sani Dangote disclosed that the group recently stopped tomato paste

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Kagome USA purchase 20 % interest in Ingomar

Ingomar’s ownership group is pleased to announce the addition of Kagome as a new equity member in the company. Kagome has purchased a 20% interest, effective October 1, 2016. Kagome joins Vaquero Farms, John Bennett Ranches and Del mar Farms as principals in Ingomar. Vaquero Farms will continue as the majority owner and managing member

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TOMATOLAND WORLD PRICE INDEX – SEPT. 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 € 0.430 € 0.390 € 0.360 Spain € 0.750 € 0.760 € 0.940 € 0.400 €

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Ukrainian tomato exports to EU grew 10-fold

As European importers’ demand for Ukrainian tomatoes has been rapidly growing, exports of tomatoes to the EU countries have already grown almost 10 times since the beginning of this year. In particular, the export volumes totaled 2,300 tons in January-August 2016 against just 243 tons in the same period of the previous year. Poland and

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Breaking News : 2016 World Crop below 38 Millions MT

Most processing zones are indeed facing significant production drops from 2015: – Europe: -8% – Mediterranean area: -14% – North America: -10% – China: -12% Globally the drop exceeds 4 Million MT of fresh fruit, equal to – 9.85% Please check the World Processing Estimates for more details. More over, accordingly to our information, the

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COFCO Tunhe to raise up to 1.7 bln yuan in private placement

Latest news from China, show that COFCO Tunhe Co Ltd aims to raise up to 1.7 billion yuan ($254.88 million) in private placement of shares to fund projects and replenish capital. The share trade is to resume on Sept 21st. Further company coverage: ($1 = 6.6699 Chinese yuan renminbi) Reuters, Sept 20, 2016 You should

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MARKET BRIEF 14 SEPT. 2016 : CHINESE SPECULATION !

TOMATOLAND BRIEF NEWS 14 SEPTEMBER 2016 News from the crops : In EUROPE, the tomato production is running well in Italy, North and South, as well as in Greece. Although slightly lower than recently announced, the latest estimate remain close to the forecast but lower than in 2015. Italy should finish below 5 Millions MT.

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