Latest news

Commodities market: Nigeria The 13th largest importer of tomato paste

The paradoxical situation of Nigeria’s tomato industry is that despite being the largest producer of tomatoes in sub-Saharan Africa, Nigeria remains the 13th largest importer of tomato paste globally.The country has seen a significant increase (33.3%) in tomato production, reaching 2.4 million metric tons in 2023 from 1.8 million metric tons in 2021.Importation of Tomato

Continue reading
News
Tomatoland

California 2024 crop : farmers scaling down their processing tomato acreage

California farmers are to reduce their processing tomato acreage this year due to the increased inventory that processors have. According to a report from the U.S. Department of Agriculture, the state’s tomato processors planned to contract for 11.6 million tons this year, which is down 10% from the 12.9 million tons contracted in 2023.  The reduction in

Continue reading
News
Tomatoland

Artificial intelligence at the service of irrigation process

In the current context of the search for efficient resource management that respects the environment and offers strategies to cope with periods of water shortage or drought, technology is an essential ally for the farming community. The development of new tools and the digitalisation of irrigation allow irrigators to have control over the use of

Continue reading

Spain: the agricultural organisation La Unión is demanding 18 million from 3 industries in Extremadura for failing to comply with minimum tomato prices

The organisation is also considering filing a class action lawsuit to reclaim the amounts not paid by these companies to the growers. 40% of tomato growers in Extremadura do not contract because of a lack of agreement with the industry. The agricultural organisation La Unión is suing the tomato processing companies Conesa, Transa and Alsat

Continue reading
Texte alternatif
News
Tomatoland

World Price Index Jan./Feb. 2024

WORLD PRICE TRENDS Products for the industry – crop 2023 prices Price per Kg, packed in aseptic bag in 220 l. (55 gal) drum – unless otherwise specified Origin 28/30CB 28/30CB organic 28/30HB* 36/38CB 12/14HB Diced Crushed Italy €1.900 no offer no offer €2.150 €0.975 €0.720 €0.700 Spain €1.650 no offer €1.800 €2.050 €0.900 €0.650

Continue reading
Texte alternatif
News
Tomatoland

World Price Index December 2023

WORLD PRICE TRENDS Products for the industry – crop 2023 prices Price per Kg, packed in aseptic bag in 220 l. (55 gal) drum – unless otherwise specified Origin 28/30CB 28/30CB organic 28/30HB* 36/38CB 12/14HB Diced Crushed Italy €1.900 €2.500 no offer €2.150 €0.975 €0.720 €0.700 Spain €1.700 no offer €1.900 €2.100 €0.900 €0.650 €0.600

Continue reading

Kagome Shares Soar After It Acquires Majority Stake in U.S. Tomato Business

Kagome, a Japanese company known for producing ketchup and vegetable juices, recently acquired a majority stake in a California-based tomato processing company for $243.3 million. Following the acquisition, Kagome’s shares rose by 12% to 3,527 yen.Kagome already owned a 20% stake in the tomato paste and diced tomatoes producer, Ingomar Packing, and has now acquired an additional 50% stake. The acquisition is

Continue reading

Koç Holding has sold Tat Gıda

Sale price: $80.9 millionBoard Decision Date for Sale: 08/01/2024Closing is expected to take place within 3 months from the signing date of the Share Purchase and Sale Agreement, subject to fulfillment of closing conditions. The parties have the option to extend this period for 60 days.     Sales Conditions: cashShares corresponding to a total nominal value

Continue reading

California crop 2024: fresh tomato price exchanges kick off

The 2023 price, concluded on January 30, for fresh tomatoes was US$138/short ton (0.907 T.).Raw material price exchanges for 2024 California crop started on December 1st, 2023.A first round of discussions with processors on their price intentions gave the following results:- Low: US $95.00 / ST- High: US $127.50/ ST- Other intermediate values: $98, $107,

Continue reading
Close Menu