Tomato
Tomato
Price movements (monthly)
Tomatoes Spain
3 month Change
Year-on-year Change
- The Spanish tomato price increased by 77% q-o-q on August 29, to €1.38/kg.
- Fresh tomato prices surged as Spanish crops were struck by major heatwaves in recent months, raising concerns over crop yield and quality. Spain now expects significant reductions in processing tomato volumes, according to the World Processing Tomato Council (WPTC).
Tomato
Price drivers
→ Inflation
In the Eurozone, inflation was 2.0% in July, unchanged on an annualized basis from June. This is in line with the European Central Bank (ECB) target. Energy continued to pull the headline figure downward, registering -2.4%. Most other subindices remained unchanged. Food, alcohol and tobacco edged up to 3.3%, driven by unprocessed food, which rose from 4.6% y-o-y in June to 5.4% y-o-y in July.
In the US, the CPI was 2.7% y-o-y in July, unchanged on an annualized basis from June. Deflation among energy commodities was visible from the data, with gasoline and fuel oil registering –9.5% y-o-y and –2.9% y-o-y, respectively. However, energy services were a major driver behind the headline figure, with electricity and piped gas at 5.5% y-o-y and 13.8% y-o-y, respectively. Food inflation was slightly above the headline figure, at 2.9% y-o-y, but was unchanged m-o-m. Players expect a 25-basis-point rate cut at the next Federal Reserve meeting despite the slightly hotter inflationary environment.
↑ Input Costs
NPK Fertilizer [Expana code: 2H45] costs were €593/mt as of August 26, 2025, unchanged m-o-m and up 14.42% y-o-y.
Market players told Expana that the cost of mixed NPK blend fertilizers declined in August, reflecting seasonal easing, although larger declines were expected.
→ Energy Prices
Throughout July, crude oil prices moved mainly sideways. The sideways trend was largely attributable to increased demand in the form of markedly higher m-o-m imports by China.
However, the higher import figures were balanced by OPEC output hikes, which added more supply to the global market.
Despite the recent meeting between President Trump and President Putin, no end to the Russia-Ukraine conflict is imminent, according to sources. Furthermore, tensions remain high in the Middle East, between Israel and Palestine. As such, players in the crude oil markets expect prices to be supported by these ongoing geopolitical risks.
→ Tomato Paste
The price of tomato paste (28% cold break) stood at €2.05/kg in the latest price update, on August 11. No y-o-y comparison is available due to a pause in the price series a year ago. As with the previous quarter, the pace of trade continues to slow, but is still up y-o-y.
Vegetables
Price forecast
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