News

World: Stable prices for processing tomato, these of raw packaging materials droping

Fresh Tomato
Vegetables
Published Mar 16, 2024

Tridge summary

Prices of processed tomatoes, close to spring transplants in the main production areas, remain stable. However, there is a generally bearish phase in the prices of raw materials intended for packaging. Expectations for global 24/25 industrial tomato production, recently presented by the World Processing Tomato Council, are 47 million tonnes.
Disclaimer: The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The prices of processed tomatoes, close to spring transplants in the main production areas, remain stable. However, there is a generally bearish phase in the prices of raw materials intended for packaging. According to Aretè, US Hot Rolled Coils (the main raw material for the production of steel cans), between the beginning of February and the beginning of March, showed a deflation of 21%, -7% for Northern European ones, both returning to the values of October 2023 (pre-Middle East crisis). The prices of glass bottles for the past also recorded a -3% in February. Expectations for global 24/25 industrial tomato production, recently presented by the World Processing Tomato Council, are 47 million tonnes, a ...
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