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The 2023 season: processing tomato prices 40% higher than in 2022
2023 Season
For the second year running, reference prices negotiated between growers and processors have soared, once again taking the value of processing tomatoes to unprecedented levels.
According to information collected by the WPTC from national operators of the sector for the 2023 season, the worldwide average field-gate value of a metric tonne of tomatoes (estimated as of June 2) is around USD 136, up 40% on last year's (already record) level, and 60% higher than the overall average price for the previous three years (2020 to 2022).
This value represents the weighted price (excluding various premiums and incentives) for the quantities scheduled in the main processing basins, in Argentina, California, Chile, China, Egypt, France, Greece, Hungary, northern Italy, Portugal, Spain and Turkey for tomatoes intended for the production of concentrated purées, i.e. around 31 million mT or 73% of the quantities expected for the coming season.
As it stands, the total value of the projected harvest worldwide is around USD 5.8 billion (Euro 6.2 billion).
As it stands, the total value of the projected harvest worldwide is around USD 5.8 billion (Euro 6.2 billion).
The values given are weighted averages, "field-gate", expressed in USD (May 2023 value), and are provided for information purposes only for each of the regions concerned; they cannot account for all specific cases.
Sources: AMITOM, WPTC
