North America Edition
Tomatoes are achieving very good results in this campaign. In week 6, their prices were much higher than in the same week of last season.
According to the latest report by the Andalusian Government's Prices and Markets Observatory, "the continued reduction in acreage and, therefore, in Andalusian production in recent campaigns due to the tight profit margins for this product, together with the smaller winter tomato area in the Netherlands, Belgium, and France has favored the demand for the Andalusian product in Europe."
"The vine tomato is the most demanded tomato in European markets. At the same time, other commercial types, which traditionally have with fewer sales in export markets, are increasing their sales abroad because of the high price vine tomatoes have." In this scenario of limited national production, scant European competition, and active demand for all the types analyzed, the average price has surpassed one euro in the last week, something that had not happened in the last four or five years.
The vine tomato was the most valued commercial type in week 6 and achieved the highest price increase over the previous week (+18%), reaching a price of 1.41 euro. Round tomato and smooth tomato prices also increased by more than 10%, both touching the euro.
These increases in prices occurred even though Moroccan tomato exports to European markets in the last week increased by 41% over the previous week.
The EU set the quota for Moroccan tomato exports to the EU for the period between October 1 and May 31 for the 2021/22 campaign at 285,000 tons. As detailed in the report, the average entry price of Moroccan tomatoes in the EU during week 6 rose to 143.21 euro/100 kg.
Source: lavozdealmeria.com
