The price of tomatoes in the UK has hit a 50-year high

Published 2024년 1월 23일

Tridge summary

Tomato prices in the UK have hit a 50-year high, averaging £3.26 per kilo in 2023, with further increases expected. The cost of tomato production in the UK has surged by 38.5% from 2022 due to rising overhead costs such as energy, packaging, and labor. Factors including high inflation, drought, extreme weather, and climate change impacts on major producing countries are anticipated to cause a decline in the UK's tomato crop this year, which will further escalate prices.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

In recent years, the prices of tomatoes in Great Britain have risen sharply, and forecasts indicate that they will continue to grow, unlike other fruits and vegetables, whose rate of increase in price is slowing down, commented by the electronic edition FreshPlaza. Wholesale tomato prices have risen significantly over the past 18 months and averaged £3.26 per kilo in 2023, reaching a 50-year high, according to the UK Office for National Statistics. Despite the slowdown in inflation in Great Britain from double-digit values to 3.7% in November (latest available data - note ed.), market participants predict that tomato prices will remain high for a long time. From 2022 until now, the cost of producing tomatoes in the UK has increased by 38.5%, the highest among the 9 main fruits and vegetables consumed in the country. British tomato growers' overhead costs such as energy, packaging and labor costs have risen sharply over the past year and a half. Rising electricity prices hit ...
Source: Sinor

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