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Global Consumption 2010-2011
According to the 2012 estimates, the past 2 years brought a growth in consumption. Currently available data indicates that consumption is reported to have reached 38.5 million MT (farm weight equivalent) in 2009/2010 and 39.7 million MT in 2010/2011 (smoothed figures overs 3 years in order to take account of the inventory effect). So 2010/2011
American consumption statistics show a preference for mayonnaise to ketchup
Americans consume a lot more mayonnaise than ketchup, according to Euromonitor. The equivalent of $ 2 billion of mayonnaise are swallowed each year against « only » $ 800 million ketchup. Ketchup is closely followed by soy sauce, with $ 752 million; the barbecue sauce is off the podium (660 million); followed by hot sauce (550 million)
BRIEF – China’s COFCO Tunhe to swing to profit in 2013 on assets disposal, sugar business
COFCO TunHe, a subsidiary of the COFCO Group and one of the major Chinese processing tomatoes operators, announced a return to profit on disposal of assets and sugar business profitable. The expected 2013 net profit is at 60-110 million yuan ($9.9-$18.2 million) versus net loss of 736.6 million yuan previous year. Source: Reuters, Jan 28,
Antonino Russo passed away
As an entrepreneur, he was at the head of an industrial empire in the food sector, boasting an annual turnover of USD 300 million. Two years ago, he sold 51% of his AR factories to the Japanese group Mitsubishi. Born 84 years ago in Sant’ Antonio Abate, into a family dedicated to the wine and
Heinz proposes compensation terms to Ontario tomato growers
More than 40 growers were left in the lurch when the food processor announced it would close its Leamington plant Heinz is willing to pay up to $1.8 million to compensate the 43 Ontario tomato growers it left in the lurch after announcing plans to close the company’s Leamington processing plant. So far, more than
North Italy: fresh tomato prices!
North Italy agrees to pay 92 € / per MT. for fresh tomato ex-field with a brix of 5, up 6 € from 2013 ! You should login or purchase a subscription to view this content Username or E-mail Password Remember Me Forgot Password
The Ridiculously Resilient Ridge continues into 2014; California drought intensifies
Recent Weather Summary Extraordinarily dry conditions have persisted over the entire state of California since early December. In fact, nearly the only measurable precipitation that fell during the past 30-40 days occurred on 11th January 2014, when a rapidly decaying cold front brought light to locally moderate rainfall (and snowfall in the high Sierra) to
New processing season to start mid-January in Cuba
All is following according to the plan, as tomato factories are getting ready to start the new crop. In central Cuba: Unidad de Conservas y Vegetales in Camaguey, a conglomerate of processing companies scheduled their first processing in mid-January. The second plant of Unidad in Camalote – located ̴ 100km east from Camaguey – is
GreenStar Agricultural closing a new acquisition and entering into a new negotiation…
TORONTO, ONTARIO–(Marketwired – Dec. 16, 2013) – GreenStar Agricultural Corporation (TSX VENTURE:GRE) (« GreenStar » or the « Corporation »), a producer of canned tomato paste (…), today announced that after satisfactory completion of its due diligence it will close the previously announced acquisition of Beichen Tomato Products Company of Bayannur City, Inner Mongolia on January 1, 2014. The
Chinese exports dropping to record low !
Chinese exports of industrial tomato paste reached only 81 000 MT. over the last trimester (Aug. to Oct. 2013), its lowest level in more than 4 years ! This is 45 % lower than during the same period a year ago ! September’s figure was extremely low at 17 260 MT. of paste and it
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