Low opening tomato paste offers indicate massive Chinese output

摘要

CHINA should produce a massive 3.8 million tonnes of contracted tomatoes this year, a leading local source told FOODNEWS. Other sources are sticking with their original predictions of up to 21% less (3.0 million tonnes or under), but current low price quotes still suggest a sizeable output. Offers for new crop 36-38 btix paste ate reported at US 520-550 dollar/tonne fob China by EU and local industry insiders. This level, while similar to last year's, is 14% below that discussed in February Neverthel ess, at least one important Chinese trader is quoting 36-38 brix paste at US 650 dollar/tonne fob Tianjian and 28-30 brix at US 550 dollar/tonne.