News
U.S. processed tomato stocks as of June 1, 2018
US inventories are down 23% !
Total inventories of U.S. processed tomato products are just under 5.9 million tons, stated on a raw product equivalent basis, as of June 1, 2018, according to a report released today by the California League of Food Producers. Inventory is down 23.4% from the prior year level. Apparent disappearance of tomato stocks increased 2.4%, totaling approximately 12.8 million tons during the twelve-month period of June 1, 2017 to June 1, 2018.
Total bulk tomato paste stocks, including inventory held for remanufacture, were estimated to total 4.5 million tons, on a raw product “paid-for tons” equivalent basis, as of June 1, 2018.
The U.S. bulk tomato paste-for-sale inventory on June 1, 2018 was approximately 3.1 million tons, on a raw product “paid-for tons” equivalent basis.
CLFP statistics reports are estimates, assuming 100% reporting, of the total U.S. processed tomato supply based on voluntary reports from processors throughout the United States. Participating processors handle approximately 91.82% of total U.S. tonnage of processing tomatoes, and 94.89% of total U.S. paste production.
Listed below are the 2017-2018 Bulk Tomato Paste and Bulk Tomato “Paste for Sale” pack and inventory estimates as of June 1, 2018 for U.S. Tomato Processors. The 2017-2018 U. S. Processed Tomato Supply and Movement reported is based on an estimated 94.9% of the industry reporting data for bulk tomato paste. Representation below is assuming 100% reporting as well as actual paste industry aggregate reporting of an estimated 94.9%. All numbers are rounded to the nearest 1,000 lbs. for the purposes of this report.
Bulk Tomato “Paste for Sale” – Bulk tomato paste, converted to a raw product “paid for tons” equivalent, being held in drums, bins, and bulk, that has been packed to be sold. The estimates do not include bulk paste being held for companies’ own remanufacture, or paste in food service or retail/consumer package sizes.
CLFP "Pack Year" begins June 1 and ends May 31.
2017-2018 pack year statistics based on reports from processors handling 91.8% of U.S. tonnage. 2017-2018 Pack based on PTAB’s final report (10/26/2017) of 10,463,553 for California plus an estimate of remaining U.S. based on the reported pack production by the USDA/NASS 2017 Vegetable Summary by other states (541,800) released February 2018.
Complete report and analysis will be released shortly
Source: CLFP
