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News

The 2024 season: processing tomato prices down 11%

26/06/2024 - François-Xavier Branthôme - 2024 Season - Lire en français
After two years of exceptional increases, the overall average reference price for processing tomatoes notably fell by around 11%, which nonetheless places it at a level that is 16% higher than the preceding three years.

According to information gathered by the WPTC from the national supply chains and to the figures presented for the 2024 season at the World Processing Tomato Congress in Budapest (June 9-12, 2024), the average worldwide field-gate value of a metric tonne (t) of tomato is around USD 122, or just under EUR 112 (val. June 2024), pending finalisation of the north Italy price, still under negotiation.
The value of raw tomatoes for the coming season has dropped by USD 13 (10.6%) compared to last year's record level of USD 135, but is still 44% higher than the overall price for the previous three years (USD 85/t on average, from 2020 to 2022).

This indicative value represents the weighted price (excluding various premiums and incentives) for quantities scheduled in the main processing basins, in California, Chile, China, Egypt, France, Greece, northern and southern Italy, Portugal and Spain, for tomatoes intended for the production of concentrated purées, i.e. around 33.9 million tonnes or 71% of the quantities expected for the coming season.
As it stands, the total value of the projected harvest worldwide is around USD 5.8 billion.

Sources: AMITOM, WPTC
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