Article: TOMATO PRODUCTS.(Inventories)(Brief Article)

The tomato markets are steady and most product inventories are expected to be sufficient to carry into the new harvest this summer

According to early contract intentions for California processing tomatoes, processors expect to contract for 23% more tomatoes than a year ago. California processors would buy 10.5 million short tons of tomatoes, the highest since the record crop of 1999. Midwest producers are expected to add 600,000 tons to the national supply in 2002. Given the existing nigh inventories in relation to use, limited gains in pricing and an overall slow world economy, processors will most likely decrease their intentions as the season approaches. While ...

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