Press release
, François-Xavier Branthôme
Inventory is down 8.1% from the prior year level
According to the report released on 19 March 2020 by the California League of Food Producers, total inventories of U.S. processed tomato products were approximately 7.6 million tons, stated on a raw product equivalent basis, as of March 1, 2020. Inventory is down 8.1% from the prior year level. Apparent disappearance of tomato stocks has decreased 8.6%, totaling approximately 9.5 million tons during the nine-month period of June 1, 2019 to March 1, 2020, as compared to the prior reporting period.
Total bulk tomato paste stocks, including inventory held for remanufacture, were estimated to total approximately 5.4 million tons, on a raw product “paid-for tons” equivalent basis, as of March 1, 2020.
The U.S. bulk tomato paste-for-sale inventory on March 1, 2020 was approximately 3.6 million tons, 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.
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.
CLFP "Pack Year" begins June 1 and ends May 31.
2019-2020 pack year statistics based on reports from processors handling 92.5% of U.S. tonnage.
TO U.S. TOMATO PROCESSORS AND INTERESTED PARTIES:
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 96.7% 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 released shortly.
Source: CLFP
