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News

The 2019 season: Price for raw material_UPDATED

03/09/2019 - François-Xavier Branthôme - 2019 Season - Read in French
Slight increase in worldwide prices for raw materials compared to the average level of the past three seasons

On 8 August, the CTGA (California Tomato Growers Association) announced that it has concluded price negotiations for processing tomatoes with all Californian processors. For ten of them, the reference price (including late-season premiums) has been fixed at USD 75/sT (about USD 83/mT) (see the CTGA bulletin linked to this article).

With this essential piece of information, the data available to date at the global level for the 2019 season indicates a very slightly downward pattern of the overall average price for raw materials (weighted, field gate), compared to the average reference price of 2018. Information is still lacking concerning a number of countries that play a major role in the worldwide industry, but the volumes to which this information refers – slightly more than 27.3 million metric tonnes – nonetheless account for almost three quarters of the current estimates of operations for the season.
 
Reference price values do not include premiums for quality or for early or late season harvest, and exclude transport costs and potential deductions.

In several major production areas, like China and in a large part of the Mediterranean rim (Spain, Tunisia, Turkey, etc.), prices for raw tomatoes have dropped to varying degrees; this downward trend is part of an almost generalized approach whereby operators have limited the volumes processed this year, despite the fact that the industry is reporting a notable reduction in carryover stocks. The only major exceptions are the reference price for Californian raw material which increase by about 2%, and Italian one, which is already the highest in the world, and has recorded an increase of 4 to 5% against 2018 prices both in the North and in the South Central region.
 

As things stand, the average 2019 reference value amounts to slightly less than USD 82/mT (which is slightly above EUR 73/mT), up slightly by about USD 1/mT compared to the average level of the past three seasons (less than USD 81 /mT).
 

Some complementary data
Average indicative price levels in the main processing regions (EU, California, China and TOP12 processing countries).
 

Differential between the highest and the lowest annual averages.
 


Source: AMITOM, WPTC, other
 
CTGA_Tomato_Bulletin_August_8_2019
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