Reader’s Digest: April 2022

In April 2022, we published the following articles:

• A statement issued by the FINAT (International Federation of Manufacturers and Converters of Adhesives and Iron-Ons on Paper and Other Supports) in February states that the supply of paper and cardboard is under severe pressure, with prices 50% higher than usual.
• Report on US Inventories, March 1, 2022.
• The European Commission is moving towards introducing front-of-pack nutrition information and will select and propose a scheme as a unique mandatory system throughout EU.
• Hungary, which now processes an average annual quantity of just over 100,000 metric tonnes, is now getting close to self-sufficiency.
• In Italy, the ENEA Biotechnology Laboratory developed an innovative and low-cost process to synthesize bioactive molecules with impressive health properties, in particular crocins and carotenoids, some of which can now be synthesized from tomato.
• Alistair Blake was elected as President of AMITOM during its Annual General Meeting held in Rome early April.
• Global Imports of Tomato Products, updated 8 April 2022.
• In Nigeria, an initiative of Olam-Caraway helped improve tomato farm yields, which were recorded at 40 metric tonnes per hectare.
• AMITOM revised its 2022 forecast, which now stands at 16.8 million tonnes, a reduction of 11% compared to 2021. It might reduce even further as it currently includes 500,000 tonnes to be processed in Ukraine.
• In Northern Italy, a framework agreement was reached with an unprecedented increase in price. Negotiations are still underway in the Central South Basin.
• 95% of Portuguese territory is already suffering from severe or extreme drought. Morocco and Spain are also particularly affected this winter's rainfall deficit.
• The cost price of tomato plantation in China has risen since the pandemic, causing the Chinese tomato paste to lose its price advantage in the international market.
• The next WPTC congress will be held in Budapest, in June 2024.
• Comment on US Processed Tomato Inventories, March 1, 2022.
• Paste Prices, April 2022: USA, Spain, Portugal, Italy, China, Chile.
• Presentation given by Martin Stilwell during the WPTC Congress on current expectations on the future of our industry.
• MINTEC Commodity Report April 2022.
• Global Exports of Tomato Paste, updated April 25 2022.
• Presentation from Fernando Santibañez Quezada, on Climate change and its effects on Europe, the USA and Latin America, during the WPTC Congress.
• In Italy, market penetration has increased and reached 87% in 2021 for canned tomatoes and consumers are now buying more "organic".
• This season, the overall average value of raw materials has increased by 21%, and is now at nearly USD 107 /mT.
• The Pomorodoro Nord IO questioned the European Commission on several points of the CAP 2023-2027.

You can find the individual articles in the NEWS list and/or search by keyword, date etc.