Tomato Price Trend and Forecast

Tomato Regional Price Overview

Get the latest insights on price movement and trend analysis of Tomato in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).

 

Tomato Price Trend for the First Half of 2024

Tomato prices were observed to be wavering at the higher end of the curve throughout the first half of the year 2024. Because of the varying yield quantities, a more struggling pricing dynamic was observed throughout the said period of this year. Tomato prices surged by about 19% from January to early March 2024 in India due to weather disruptions.  The market situation was concerning, with reduced sowing areas, unseasonal rains, hailstorms, and disease outbreaks affecting production, particularly in regions like Haryana, Western Uttar Pradesh, and Madhya Pradesh.
 

Tomato Price Chart

Tomato Price Trends and Forecast

Please Login or Subscribe to Access the Tomato Price Chart Data
 

Farmers faced higher production costs for their summer tomato crop due to extreme heat, with temperatures exceeding 45°C from March to May’24. Despite using drip irrigation and mulching, his yields dropped from 70 to 40 tonnes per acre, while other farmers saw even lower yields. Rising temperatures also led to increased fungal infections, doubling fungicide costs. Despite the retail price of tomatoes soaring, profits were wiped out by low yields and high expenses. Farmers in the region are considering alternative crops like sugarcane as tomato cultivation becomes economically unsustainable due to climate change.

Analyst Insight

According to Procurement Resource, as the new crop reaches the market, Tomato prices are expected to normalize in the coming monsoon months.
 

Tomato Price Trend for the Second Half of 2023
 
Tomato prices in India were observed to be fluctuating throughout the second half of the year 2023. Monsoon season in the third quarter trampled the tomato crop in the major producing regions of Madhya Pradesh, Andhra Pradesh, Uttar Pradesh, and Haryana, thus tightening the available tomato supplies in the Indian markets.

The state of Maharashtra supplied the tomatoes countrywide during this time from Nashik and Kolar. Excessive rainfall and flood-like situations in the Northern states during the month of July destroyed the tomato crops.

Tomato is an absolute essential in Indian cuisine; thus, demands are always high. The supply crunch in the monsoon months rendered the tomato prices soaring in July. However, as the supply situation normalized steadily in the fourth quarter, the prices also started normalizing. A varying price trajectory was witnessed in H2’23.

Analyst Insight

According to Procurement Resource, tomato prices are expected to remain steady in the coming quarter as well. The supply and demand dynamic looks stable in the coming winter months.
 

Tomato Price Trend for the First Half of 2023

The prices of tomatoes inclined throughout the first and second quarter of 2023 as heavy rains and even flood-like situations in certain parts of the world depleted the inventories due to a significant decline in the rates of production. In the UK, the rate of high-price imports surged to around 95% as its major suppliers, such as Spain, Morocco, and the Netherlands, suffered from adverse weather conditions and consistently rising costs of energy production. These constraints in production ultimately led to delays in shipping, raising the prices of tomatoes worldwide.

In the Asia-Pacific region, due to the extreme rise in the prices of tomatoes, the government, especially in India, took some major steps, such as procuring the crop from the states that have surplus stocks and distributing them in the regions where the hike in the price trend was most significant.

Analyst Insight

According to Procurement Resources, the price of Tomatoes is estimated to showcase a fluctuating trajectory as the supply chains of tomatoes are expected to improve in the upcoming months.

Procurement Resource provides latest prices of Tomato. Each price database is tied to a user-friendly graphing tool dating back to 2014, which provides a range of functionalities: configuration of price series over user defined time period; comparison of product movements across countries; customisation of price currencies and unit; extraction of price data as excel files to be used offline.

Platform Sample

Please Login or Subscribe to explore our dashboard.

About Tomato

Tomatoes are edible fruits belonging to Solanum genus and are used as a staple ingredient around the globe because of its sweet taste, acidic flavor and versatile nature. They are also rich in vitamins, minerals, and antioxidants and therefore enhance the nutritional profile of various dishes ranging from salads to soups, pizzas, pastas and is also widely employed in the processed food industries.

Tomato Product Details

Report Features Details
Product Name Tomatoes
Industrial Uses Juice and beverages, Food additives, Textiles, Pharmaceuticals, Food processing
HS Code 0702
Supplier Database Ontario processing vegetable growers, CASALASCO- SOCIETA AGRICOLA S.p.A., Tomato Growers Supply Company, Sahyadri Farma Post Harvest Care Ltd, PACIFIC RIM PRODUCE, West Coast Tomato LLC
Region/Countries Covered Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Iran, Thailand, South Korea, Iraq, Saudi Arabia, Malaysia, Nepal, Taiwan, Sri Lanka, UAE, Israel, Hongkong, Singapore, Oman, Kuwait, Qatar, Australia, and New Zealand

Europe: Germany, France, United Kingdom, Italy,  Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece

North America: United States and Canada

Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru

Africa: South Africa, Nigeria, Egypt, Algeria, Morocco
Currency US$ (Data can also be provided in local currency)
Supplier Database Availability Yes
Customization Scope The report can be customized as per the requirements of  the customer
Post-Sale Analyst Support 360-degree analyst support after report delivery


Note: Our supplier search experts can assist your procurement teams in compiling and validating a list of suppliers indicating they have products, services, and capabilities that meet your company's needs.

Methodology

The displayed pricing data is derived through weighted average purchase price, including contract and spot transactions at the specified locations unless otherwise stated. The information provided comes from the compilation and processing of commercial data officially reported for each nation (i.e. government agencies, external trade bodies, and industry publications).

Assistance from Experts

Procurement Resource is a one-stop solution for businesses aiming at the best industry insights and market evaluation in the arena of procurement. Our team of market leaders covers all the facets of procurement strategies with its holistic industry reports, extensive production cost and pre-feasibility insights, and price trends dynamics impacting the cost trajectories of the plethora of products encompassing various industries. With the best analysis of the market trends and comprehensive consulting in light of the best strategic footstep, Procurement Resource got all that it takes.

Client's Satisfaction

Procurement Resource has made a mark for itself in terms of its rigorous assistance to its clientele. Our experienced panel of experts leave no stone unturned in ensuring the expertise at every step of our clients' strategic procurement journey. Our prompt assistance, prudential analysis, and pragmatic tactics considering the best procurement move for industries are all that sets us apart. We at Procurement Resource value our clients, which our clients vouch for.

Assured Quality

Expertise, judiciousness, and expedience are the crucial aspects of our modus operandi at Procurement Resource. Quality is non-negotiable, and we don't compromise on that. Our best-in-class solutions, elaborative consulting substantiated by exhaustive evaluation, and fool-proof reports have led us to come this far, making us the ‘numero uno' in the domain of procurement. Be it exclusive qualitative research or assiduous quantitative research methodologies, our high quality of work is what our clients swear by.

Table Of Contents

Our Clients

client-image

Get in Touch With Us

flag
UNITED STATES

Phone:+1 307 363 1045

flag
INDIA

Phone: +91 1203185500

flag
UNITED KINGDOM

Phone: +44 7537 132103

Email: sales@procurementresource.com

NEWSLETTER

Get latest News About Procurement Resource
Subscribe for news

This site uses cookies (including third-party cookies) to record user’s preferences. See our Privacy PolicyFor more.