the prices of processed tomato products recorded a downward trend in Spain and Italy

Published Apr 15, 2024

Tridge summary

As of the end of March, the Parma Chamber of Commerce reports a decrease of up to 2.5% in the prices of processed tomato products, including concentrates and pulps. In the midst of ongoing price negotiations across Europe and America, Italian producers in the north are seeking 147 euro/ton, with current offers at 125 euro/ton, while southern Italy awaits northern pricing decisions. Italy's national production forecast for the 24/25 season is anticipated to reach 5.6 million tonnes, a 3.7% increase from the current campaign. Meanwhile, Spain expects a 7% increase in production to 2.8 million tonnes for the 24/25 season, with prices now ranging between 133 and 155 euros/ton, following an improvement in water resources.

Disclaimer: The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

At the end of March, the prices of processed tomato products recorded a downward trend. On the price lists of the Parma Chamber of Commerce, the prices of triple and double concentrates have undergone a decrease of 2% compared to previous prices; -2.5% for shredded and diced pulp. According to Areté analyses, price negotiations are progressing both at European and American level. In Italy, in the north, producers are requesting 147 euro/ton, while the current offer stands at 125 euro/ton, ex-field. In the south, we wait to know the prices in the north before proceeding. The national 24/25 production forecast is confirmed at 5.6 million tonnes (+3.7% compared to the current campaign). In Spain, after a significant improvement in the availability of water resources, an increase ...

Source: Corriereortofrutticolo