Articles

Kagome, a Japanese company known for producing ketchup and vegetable juices, recently acquired a majority stake in a California-based tomato processing company for $243.3 million. Following the acquisition, Kagome’s shares rose by 12% to 3,527 yen.Kagome already owned a 20% stake in the tomato paste and diced tomatoes producer, Ingomar Packing, and has now acquired an additional 50% stake. The acquisition is

Sale price: $80.9 millionBoard Decision Date for Sale: 08/01/2024Closing is expected to take place within 3 months from the signing date of the Share Purchase and Sale Agreement, subject to fulfillment of closing conditions. The parties have the option to extend this period for 60 days.     Sales Conditions: cashShares corresponding to a total nominal value

The 2023 price, concluded on January 30, for fresh tomatoes was US$138/short ton (0.907 T.).Raw material price exchanges for 2024 California crop started on December 1st, 2023.A first round of discussions with processors on their price intentions gave the following results:- Low: US $95.00 / ST- High: US $127.50/ ST- Other intermediate values: $98, $107,

 Last Friday, December 8th, the U.S. government restricted imports from three more Chinese companies, over forced labor practices involving Uyghurs and other minorities in ChinaThe ban includes COFCO Sugar Holding, among other companies which produce everything from sugar to network transformers to yarn. These companies will be added to the Ugyhur Forced Labor Prevention Act

With an average yield per hectare of more than 92,000 kilos on 22,105 hectares of contracted crops,the 2023 tomato season for industry, which ended a few days ago in terms of harvesting in the field, was marked by the availability of water. Thanks in part to the rains in June, the initial forecasts for contracting