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News

U.S. Processed Tomato Stocks-on-Hand Report for December 1, 2019

13/01/2020 - Press release
Inventory is down 11.4% from the prior year level

 According to the report released by California League of Food Producers on January 9, 2020, total inventories of U.S. processed tomato products were approximately 10.7 million short tons (sT), stated on a raw product equivalent basis, as of December 1, 2019. Inventory is down 11.4% from the prior year level. Apparent disappearance of tomato stocks has decreased 3.2%, totaling approximately 6.4 million sT during the six-month period of June 1, 2019 to December 1, 2019, as compared to the prior reporting period.
Total bulk tomato paste stocks, including inventory held for remanufacture, were estimated to total approximately 8.1 million sT, on a raw product “paid-for tons” equivalent basis, as of December 1, 2019.
The U.S. bulk tomato paste-for-sale inventory on December 1, 2019 was approximately 5.2 million sT, on a raw product “paid-for tons” equivalent basis.

CLFP statistics reports are estimates, assuming 100% reporting, of the total U.S. processed tomato supply based on voluntary reports from processors throughout the United States. Participating processors handle approximately 92.5% of total U.S. tonnage of processing tomatoes, and 95.7% of total U.S. paste production.
The 2019-2020 U.S. Processed Tomato Supply and Movement reported is based on 92.5% of the industry reporting data. All numbers are rounded to the nearest 1,000 lbs. for the purposes of this report.

This report is an estimate of total U.S. supply and demand for processed tomato products. Reports are based on voluntary pack and inventory reports furnished by participating U.S. processors.
All positions are stated on a "raw product tons" equivalent basis.
2018-2019 pack year statistics based on reports from processors handling 90.0% of U.S. tonnage.
2019-2020 pack year statistics based on reports from processors handling 92.5% of U.S. tonnage.

* 2018-2019 Pack based on PTAB’s final report (10/27/2018) of 12,276,000 for California (rounded to the nearest 1,000lbs. for purposes of this report), plus the reported pack production by the USDA/NASS 2017 Vegetable Summary by other states (541,800) released February 2018.
** 2019-2020 Pack based on PTAB’s final report (11/9/2019) of 11,183,000 for California (rounded to the nearest 1,000lbs. for purposes of this report), plus the reported pack production by the USDA/NASS 2018 Vegetable Summary by other states (508,492) released March 2019. The next USDA NASS Vegetable Summary by other states will be released shortly and included in the next available supply and movement report.


Listed below are the 2019-2020 Bulk Tomato Paste and Bulk Tomato “Paste for Sale” pack and inventory estimates as of December 1, 2019 for U.S. Tomato Processors. The 2019-2020 U.S. Processed Tomato Supply and Movement reported is based on an estimated 95.7% of the industry reported data for bulk tomato paste. Representation below is assuming 100% reporting as well as actual paste as reported. All numbers are rounded to the nearest 1,000 lbs. for the purposes of this report.
 

Bulk Tomato “Paste for Sale” – Bulk tomato paste, converted to a raw product “paid for tons” equivalent, being held in drums, bins, and bulk, that has been packed to be sold. The estimates do not include bulk paste being held for companies’ own remanufacture or paste in food service or retail/consumer package sizes.
CLFP "Pack Year" begins June 1 and ends May 31.

Analysis and comment will be published shortly.

Source: clfp.com
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