Tuna prices increase
Tuna prices are rising after poor catches and concern that shortages are becoming the norm.
Conservationists cite over-fishing as a reason, but weather seems more likely. There are many reports of recorded changes in sea temperature.
Canners in Thailand and the Philippines have withdrawn offers, fuelling speculation that there is a fear of fish costs returning to $900/tonne.
Last week there was an increase of $150/tonne to $790 in Bangkok, before the withdrawal of offers.
With sales dependent on promotions, UK importers are concerned at the prospect of further retail price increases.
Most early summer promotional deals have been concluded. But if fishing doesn’t improve, deals from August may be difficult to conclude.
A 17.5% increase in the cost of tin plate will push canned tomato prices higher this coming season.
But with expectations of another good pack, UK importers hope retail levels will show only nominal increases.
Consumer demand shows year-on-year growth, particularly for chopped tomatoes, which command a 15% premium. By the end of this month, canners will have agreed new season contracts with growers and glasshouse planting will begin.
There will be no change in subsidies this year. But a threat of increased competition from China will be carefully monitored.
Brazil prices ease
Brazilian cattle prices have eased but the currency has firmed against the US dollar, negating the effect. Importers expect the recently increased fob dollar prices to hold.
Greek abundance
The healthy supply of Greek currants is likely to continue to exert downward pressure on prices, said trade sources. “If sellers don’t want too much carryover, their produce must be more competitive on world markets,” said one trader.
Cost of tin plate rises
Tuna prices are rising after poor catches and concern that shortages are becoming the norm.
Conservationists cite over-fishing as a reason, but weather seems more likely. There are many reports of recorded changes in sea temperature.
Canners in Thailand and the Philippines have withdrawn offers, fuelling speculation that there is a fear of fish costs returning to $900/tonne.
Last week there was an increase of $150/tonne to $790 in Bangkok, before the withdrawal of offers.
With sales dependent on promotions, UK importers are concerned at the prospect of further retail price increases.
Most early summer promotional deals have been concluded. But if fishing doesn’t improve, deals from August may be difficult to conclude.
A 17.5% increase in the cost of tin plate will push canned tomato prices higher this coming season.
But with expectations of another good pack, UK importers hope retail levels will show only nominal increases.
Consumer demand shows year-on-year growth, particularly for chopped tomatoes, which command a 15% premium. By the end of this month, canners will have agreed new season contracts with growers and glasshouse planting will begin.
There will be no change in subsidies this year. But a threat of increased competition from China will be carefully monitored.
Brazil prices ease
Brazilian cattle prices have eased but the currency has firmed against the US dollar, negating the effect. Importers expect the recently increased fob dollar prices to hold.
Greek abundance
The healthy supply of Greek currants is likely to continue to exert downward pressure on prices, said trade sources. “If sellers don’t want too much carryover, their produce must be more competitive on world markets,” said one trader.
Cost of tin plate rises
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