News
Towards a new substantial increase in reference prices
According to the bulletin released on November 23, 2022, the CTGA conducted on that date an exchange of offers with 9 processors for the 2023 growing season.
Processors who participated are:
• Neil Jones Food Co.
• ConAgra Brands
• Stanislaus Food Products
• Morning Star Packing Company
• Del Monte Foods, Inc.
• Ingomar
• Los Gatos Tomato Products
• Escalon Premier Brands
• Campbell Soup
The offers range from USD 120/sT (Euro 131.6/mT, val. November 2022) to USD 145.00/sT (Euro 159.1/mT, val. November 2022) per paid ton.
Details of the offers are available in the bulletin published by the CTGA.
Based on proposals from processors, the simulated raw material reference price average for 2023 is 26% higher than 2022
CTGA 2023 Tomato Price and Terms
Base Price: USD 155.00 per short ton (Euro 170/mT, val. November 2022)
Late Season Premiums*: Week Starting Per Short Ton
9/1 – 9/7 USD 3.00
9/8 – 9/14 USD 6.00
9/15 – 9/21 USD 9.00
9/22 – 9/28 USD 12.00
9/29 -10/5 USD 18.00
10/6-10/12 USD 24.00
10/13-Finish USD 30.00
*All Late Season Premiums will be paid on delivered basis.
Harvesting: At time of price agreement, those companies who provide harvesting services to state 2023 harvesting rates.
Green: A 1.5% Constant Tolerance on Green Deductions.
Deductions: Per the 2022 Master Agreement
All other Terms: Per the 2022 Master Agreement
Base Price: USD 155.00 per short ton (Euro 170/mT, val. November 2022)
Late Season Premiums*: Week Starting Per Short Ton
9/1 – 9/7 USD 3.00
9/8 – 9/14 USD 6.00
9/15 – 9/21 USD 9.00
9/22 – 9/28 USD 12.00
9/29 -10/5 USD 18.00
10/6-10/12 USD 24.00
10/13-Finish USD 30.00
*All Late Season Premiums will be paid on delivered basis.
Harvesting: At time of price agreement, those companies who provide harvesting services to state 2023 harvesting rates.
Green: A 1.5% Constant Tolerance on Green Deductions.
Deductions: Per the 2022 Master Agreement
All other Terms: Per the 2022 Master Agreement
The CTGA reserves the right to represent the growers on a regional basis in order to address issues of regional concern, including, but not limited to water supplements and harvest rates.
Some complementary data
CTGA bulletin dated November 23, 2022 is available here
Source: CTGA
