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Latest From Davide Ghilotti
As of this week, Chilean IQF Heritage raspberry wholes have lost another few cents and are now trading at around USD3.40 per kg c&f EU port, FOODNEWS understands.
Flash floods have inundated orchards in areas of southern Italy, where citrus, peach and nectarine groves are now under water, Coldiretti reported today.
Tomato products inventories in the US are not showing any sign of decreasing, with stocks levels to March 1 up by 22% year-on-year, as of the latest figures released by the California League of Food Processors (CLFP).
Industry operators fear prices will fall in the oncoming tomato season in Europe, in a downtrend affected solely by companies’ own fears in what would otherwise be a stable market.
Prices for raw material in at least two European tomato origins are expected to decrease somewhat this year, as China is also seeking to drop its own prices paid to farmers, sources in Santiago told FOODNEWS.
Contracting for new crop tomato products in Europe has so far been subdued, as buyers appear to be in no rush to secure volumes early.