Brazil: High supply keeps pressure on tomato prices

Published Nov 12, 2024

Tridge summary

Researchers at Hortifrúti/Cepea have reported a significant decrease in tomato prices across Brazil's wholesale markets, with the average price for a box of 3A salad tomatoes falling by 16.4% in São Paulo to R$56 last week. Prices also dropped in Belo Horizonte, Campinas, and Rio de Janeiro by 10.1%, 3.5%, and 12.6% respectively. This price drop is attributed to the high supply resulting from increased productivity during the winter harvest. While recent rains in São Paulo and Minas Gerais have posed challenges for harvesting, the high supply has offset the quality loss due to the rainfall, which has caused spots on the fruits and reduced their commercial value.

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

Original content

Research by the Hortifrúti/Cepea team shows that tomato prices continue to fall, reflecting the high supply due to high productivity in the winter harvest, which is still being harvested. Last week, the box of 3A salad tomatoes in the wholesale market in São Paulo (SP) closed at an average of R$56, a 16.4% drop compared to the previous period. Get the latest information on agriculture, livestock, the economy and weather forecasts in the palm of your hand: follow Canal Rural on WhatsApp! In Belo Horizonte (MG), the drop was 10.1%, to R$49/box; in Campinas (SP), prices closed at around R$66/box, a 3.5% drop, and in Rio de Janeiro (RJ), at R$47/box (-12.6%). According to researchers from Hortifrúti/Cepea, the rains recorded in the ...

Source: CanalRural