Tridge Analysis
The Shortage of Tomatoes in Spain is Rising Prices to All-Time High Levels
Spain is witnessing a continuous fall in tomato production and exports due to adverse weather conditions, water shortages, and rising input costs. Furthermore, tomato supplies over the winter season, when supply is at its low, have been more pronounced this year, affecting prices and increasing them at all-time highs. The 2022/23 Spanish tomato season started with elevated prices with a 54% MoM increase and has kept increasing since then. Besides the increase in price, tomato production in Spain is in jeopardy as main producing regions such as Seville and Almeria are facing serious water shortages and fierce competition from Moroccan tomatoes.
