Saturday, November 27, 2021

Price hike expected on tinned tomatoes, ingredient expert warns

The tomato market will be much more expensive than last year, due to increased cost of fresh tomatoes, tinplate and energy, together with low results of this year’s crop creating a total lack of stock, an ingredients expert has warned.

Wholesale prices for tomatoes are up 20% already and are predicted to grow to a possible 50% increase as the 2021 crop is harvested and enters the market, with a significant proportion of this increase passed on to consumers.

“Prices are increasing more than 50% comparing to pre-season 2020. Suppliers in Italy have now started to offer prices for this year’s new crop, asking on average 20% more than last year,” said Jason Bull, Director of ingredients supplier Eurostar Commodities.

“In food service in the last few months prices have not increased proportionally since demand was low. But now the market is re-starting, and prices are going to the level we expect for next crop.”

This shortage and price increase will predominantly affect quality tomatoes picked and canned for freshness. Tinned tomatoes feature as a key ingredient on supermarket shelves for everyday dinners including bolognaise, pasta sauce, chilli, soups and many other dishes.

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