the tomato production and market in china
TRANSCRIPT
June 2021
The Tomato Production and
Market in China
World production estimate of tomatoes for processing The estimated global processing
volume in 2021 will be 3892 million tons an increase of 13 compared with 384 million
tons in 2020
China production estimate of tomatoes for processing The total processing volume in
2021 is 48 million tons accounting for 12 of the global processing volume down 172
from 58 million tons in 2020
Data SourcesWPTC2
133 of Global Tomato Processing in Last 5 Years
Unit 10000 MT
866621 679
323 385
630 560515 594 380
460 580 480
0
500
1000
1500
2000
2500
3000
3500
4000
4500
2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021E
Evolution and Distribution of Global processing
AMITOM California China Other
3
Global trade situation
Unit 10000 MT
0
50
100
150
200
250
300
350
CHINA ITALY SPAIN USA PORTUGAL TURKEY IRAN CHILE UKRAINE OTHERS
In the past 10 years Chinas trade volume accounted for 25 of the
global trade volume
Data SourcesWPTC
4
2021 sharp increase in the cost of tomatoes as raw material
The price of raw materials in China is
still the lowest among the three major
production areas but it has been rising
continuously since 2019
Data SourcesWPTC
The average price of global Processing tomatoes are now 7 more expensive than during three previous seasons
5
2021 Sea freight soared by 300-1000
Since October 2020 the sea freight has
been rising continuously and some
routes have skyrocketed to 10 times The
high sea freight greatly reduces the profit
margin of tomato products Ocean
freight has become an important factor
restricting tomato trade
6
Westbound Logistics Development Shows Big Potential
With the rapid rise of sea freight a large number of goods began to be
transported by rail Since August 2020 China Europe train has operated 19 trains in
Italy 4 trains in Russia and 13 trains in other European directions with a total of 36
trains Each train carries 1000-1600 tons of goods with a total of more than 40000
tons of goods The stable operation of China Europe train greatly shortens the
transportation time and reduces the logistics cost of Chinese tomato production
7
China trade situation
In the past five years Chinarsquos Tomato export volume and sales price have
remained stable and Chinarsquos tomato industry has entered into a stage of
balanced and stable developmentbut prices are expected to rise in 2021-2022
due to cost rising raw materials packaging materials and sea freight
1048590 Unit 10000 MTUSDMT
Data SourcesWPTC Cofco
$0
$200
$400
$600
$800
$1000
$1200
$1400
$1600
0000
2000
4000
6000
8000
10000
12000
14000
Mar
-11
Jun
-11
Sep
-11
Dec
-11
Mar
-12
Jun
-12
Sep
-12
Dec
-12
Mar
-13
Jun
-13
Sep
-13
Dec
-13
Mar
-14
Jun
-14
Sep
-14
Dec
-14
Mar
-15
Jun
-15
Sep
-15
Dec
-15
Mar
-16
Jun
-16
Sep
-16
Dec
-16
Mar
-17
Jun
-17
Sep
-17
Dec
-17
Mar
-18
Jun
-18
Sep
-18
Dec
-18
Mar
-19
Jun
-19
Sep
-19
Dec
-19
Mar
-20
Jun
-20
Sep
-20
Dec
-20
Mar
-21
China Exports of Tomato Paste
Bulk Can Bulk Price Can Price
8
By August 01 2021 We will hold 172000 metric tons tomato paste stock on hand but the
inventory will be basically finished in the middle and late October2021
In 2021 Chinas total processing volume is estimated to be 48 million tons including 265 million
tons in Northern Xinjiang 099 million tons in southern Xinjiang 006 million tons in Gansu and 11
million tons in Inner Mongolia The accumulated temperature during transplanting was low and the
whole transplanting was delayed for 5-7 days The price rise of other crops and the shortage of water
resources have led to a significant decrease of 1 million tons of processed tomatoes compared with
2020
2021 Chinas regional production and inventory
Data SourcesCofco
0
20
40
60
80
100
120
140
0
100
200
300
400
500
600
700
2017 2018 2019 2020 2021
China production estimate of tomatoes for processing
Total procesing Total factories
Unit 10000 MT
00
50
100
150
200
250
300
350
2017 2018 2019 2020 2021
Inventory Unit 10000 MT
9
Mechanization North Xinjiang nearly 100 South Xinjiang 70 mechanical
harvest The mechanical harvesting area in Inner Mongolia will reach 43000 mu in
2021 With the implementation of Chinas large-scale land integration strategy
mechanical harvesting area is expanding year by year and the stability of raw
material supply is further enhanced
Automation and digitization non-stop upgrading
COFCO Keeps Piloting Mechanization and Efficiency Improving
Inner Mongolia Central control
10
Exchange Rate
EURUSD
USDCNY
64
121
Data Sources
In the past year the RMB exchange rate has risen from 71 to 64 The appreciation of RMB against the US dollar has reduced the profits of export enterprises due to production costs are locked in RMB
11
150K tons of bulk paste to repack for sauces repack paste for domestic market drinks powder lycopene products etc
Direct filling canned paste 65K tons mainly for catering
Dicedwhole peeled 15K tons
Amazing and Impressive Local Standard Market Development
150 65
65 28
15 7
12
World production estimate of tomatoes for processing The estimated global processing
volume in 2021 will be 3892 million tons an increase of 13 compared with 384 million
tons in 2020
China production estimate of tomatoes for processing The total processing volume in
2021 is 48 million tons accounting for 12 of the global processing volume down 172
from 58 million tons in 2020
Data SourcesWPTC2
133 of Global Tomato Processing in Last 5 Years
Unit 10000 MT
866621 679
323 385
630 560515 594 380
460 580 480
0
500
1000
1500
2000
2500
3000
3500
4000
4500
2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021E
Evolution and Distribution of Global processing
AMITOM California China Other
3
Global trade situation
Unit 10000 MT
0
50
100
150
200
250
300
350
CHINA ITALY SPAIN USA PORTUGAL TURKEY IRAN CHILE UKRAINE OTHERS
In the past 10 years Chinas trade volume accounted for 25 of the
global trade volume
Data SourcesWPTC
4
2021 sharp increase in the cost of tomatoes as raw material
The price of raw materials in China is
still the lowest among the three major
production areas but it has been rising
continuously since 2019
Data SourcesWPTC
The average price of global Processing tomatoes are now 7 more expensive than during three previous seasons
5
2021 Sea freight soared by 300-1000
Since October 2020 the sea freight has
been rising continuously and some
routes have skyrocketed to 10 times The
high sea freight greatly reduces the profit
margin of tomato products Ocean
freight has become an important factor
restricting tomato trade
6
Westbound Logistics Development Shows Big Potential
With the rapid rise of sea freight a large number of goods began to be
transported by rail Since August 2020 China Europe train has operated 19 trains in
Italy 4 trains in Russia and 13 trains in other European directions with a total of 36
trains Each train carries 1000-1600 tons of goods with a total of more than 40000
tons of goods The stable operation of China Europe train greatly shortens the
transportation time and reduces the logistics cost of Chinese tomato production
7
China trade situation
In the past five years Chinarsquos Tomato export volume and sales price have
remained stable and Chinarsquos tomato industry has entered into a stage of
balanced and stable developmentbut prices are expected to rise in 2021-2022
due to cost rising raw materials packaging materials and sea freight
1048590 Unit 10000 MTUSDMT
Data SourcesWPTC Cofco
$0
$200
$400
$600
$800
$1000
$1200
$1400
$1600
0000
2000
4000
6000
8000
10000
12000
14000
Mar
-11
Jun
-11
Sep
-11
Dec
-11
Mar
-12
Jun
-12
Sep
-12
Dec
-12
Mar
-13
Jun
-13
Sep
-13
Dec
-13
Mar
-14
Jun
-14
Sep
-14
Dec
-14
Mar
-15
Jun
-15
Sep
-15
Dec
-15
Mar
-16
Jun
-16
Sep
-16
Dec
-16
Mar
-17
Jun
-17
Sep
-17
Dec
-17
Mar
-18
Jun
-18
Sep
-18
Dec
-18
Mar
-19
Jun
-19
Sep
-19
Dec
-19
Mar
-20
Jun
-20
Sep
-20
Dec
-20
Mar
-21
China Exports of Tomato Paste
Bulk Can Bulk Price Can Price
8
By August 01 2021 We will hold 172000 metric tons tomato paste stock on hand but the
inventory will be basically finished in the middle and late October2021
In 2021 Chinas total processing volume is estimated to be 48 million tons including 265 million
tons in Northern Xinjiang 099 million tons in southern Xinjiang 006 million tons in Gansu and 11
million tons in Inner Mongolia The accumulated temperature during transplanting was low and the
whole transplanting was delayed for 5-7 days The price rise of other crops and the shortage of water
resources have led to a significant decrease of 1 million tons of processed tomatoes compared with
2020
2021 Chinas regional production and inventory
Data SourcesCofco
0
20
40
60
80
100
120
140
0
100
200
300
400
500
600
700
2017 2018 2019 2020 2021
China production estimate of tomatoes for processing
Total procesing Total factories
Unit 10000 MT
00
50
100
150
200
250
300
350
2017 2018 2019 2020 2021
Inventory Unit 10000 MT
9
Mechanization North Xinjiang nearly 100 South Xinjiang 70 mechanical
harvest The mechanical harvesting area in Inner Mongolia will reach 43000 mu in
2021 With the implementation of Chinas large-scale land integration strategy
mechanical harvesting area is expanding year by year and the stability of raw
material supply is further enhanced
Automation and digitization non-stop upgrading
COFCO Keeps Piloting Mechanization and Efficiency Improving
Inner Mongolia Central control
10
Exchange Rate
EURUSD
USDCNY
64
121
Data Sources
In the past year the RMB exchange rate has risen from 71 to 64 The appreciation of RMB against the US dollar has reduced the profits of export enterprises due to production costs are locked in RMB
11
150K tons of bulk paste to repack for sauces repack paste for domestic market drinks powder lycopene products etc
Direct filling canned paste 65K tons mainly for catering
Dicedwhole peeled 15K tons
Amazing and Impressive Local Standard Market Development
150 65
65 28
15 7
12
3
Global trade situation
Unit 10000 MT
0
50
100
150
200
250
300
350
CHINA ITALY SPAIN USA PORTUGAL TURKEY IRAN CHILE UKRAINE OTHERS
In the past 10 years Chinas trade volume accounted for 25 of the
global trade volume
Data SourcesWPTC
4
2021 sharp increase in the cost of tomatoes as raw material
The price of raw materials in China is
still the lowest among the three major
production areas but it has been rising
continuously since 2019
Data SourcesWPTC
The average price of global Processing tomatoes are now 7 more expensive than during three previous seasons
5
2021 Sea freight soared by 300-1000
Since October 2020 the sea freight has
been rising continuously and some
routes have skyrocketed to 10 times The
high sea freight greatly reduces the profit
margin of tomato products Ocean
freight has become an important factor
restricting tomato trade
6
Westbound Logistics Development Shows Big Potential
With the rapid rise of sea freight a large number of goods began to be
transported by rail Since August 2020 China Europe train has operated 19 trains in
Italy 4 trains in Russia and 13 trains in other European directions with a total of 36
trains Each train carries 1000-1600 tons of goods with a total of more than 40000
tons of goods The stable operation of China Europe train greatly shortens the
transportation time and reduces the logistics cost of Chinese tomato production
7
China trade situation
In the past five years Chinarsquos Tomato export volume and sales price have
remained stable and Chinarsquos tomato industry has entered into a stage of
balanced and stable developmentbut prices are expected to rise in 2021-2022
due to cost rising raw materials packaging materials and sea freight
1048590 Unit 10000 MTUSDMT
Data SourcesWPTC Cofco
$0
$200
$400
$600
$800
$1000
$1200
$1400
$1600
0000
2000
4000
6000
8000
10000
12000
14000
Mar
-11
Jun
-11
Sep
-11
Dec
-11
Mar
-12
Jun
-12
Sep
-12
Dec
-12
Mar
-13
Jun
-13
Sep
-13
Dec
-13
Mar
-14
Jun
-14
Sep
-14
Dec
-14
Mar
-15
Jun
-15
Sep
-15
Dec
-15
Mar
-16
Jun
-16
Sep
-16
Dec
-16
Mar
-17
Jun
-17
Sep
-17
Dec
-17
Mar
-18
Jun
-18
Sep
-18
Dec
-18
Mar
-19
Jun
-19
Sep
-19
Dec
-19
Mar
-20
Jun
-20
Sep
-20
Dec
-20
Mar
-21
China Exports of Tomato Paste
Bulk Can Bulk Price Can Price
8
By August 01 2021 We will hold 172000 metric tons tomato paste stock on hand but the
inventory will be basically finished in the middle and late October2021
In 2021 Chinas total processing volume is estimated to be 48 million tons including 265 million
tons in Northern Xinjiang 099 million tons in southern Xinjiang 006 million tons in Gansu and 11
million tons in Inner Mongolia The accumulated temperature during transplanting was low and the
whole transplanting was delayed for 5-7 days The price rise of other crops and the shortage of water
resources have led to a significant decrease of 1 million tons of processed tomatoes compared with
2020
2021 Chinas regional production and inventory
Data SourcesCofco
0
20
40
60
80
100
120
140
0
100
200
300
400
500
600
700
2017 2018 2019 2020 2021
China production estimate of tomatoes for processing
Total procesing Total factories
Unit 10000 MT
00
50
100
150
200
250
300
350
2017 2018 2019 2020 2021
Inventory Unit 10000 MT
9
Mechanization North Xinjiang nearly 100 South Xinjiang 70 mechanical
harvest The mechanical harvesting area in Inner Mongolia will reach 43000 mu in
2021 With the implementation of Chinas large-scale land integration strategy
mechanical harvesting area is expanding year by year and the stability of raw
material supply is further enhanced
Automation and digitization non-stop upgrading
COFCO Keeps Piloting Mechanization and Efficiency Improving
Inner Mongolia Central control
10
Exchange Rate
EURUSD
USDCNY
64
121
Data Sources
In the past year the RMB exchange rate has risen from 71 to 64 The appreciation of RMB against the US dollar has reduced the profits of export enterprises due to production costs are locked in RMB
11
150K tons of bulk paste to repack for sauces repack paste for domestic market drinks powder lycopene products etc
Direct filling canned paste 65K tons mainly for catering
Dicedwhole peeled 15K tons
Amazing and Impressive Local Standard Market Development
150 65
65 28
15 7
12
4
2021 sharp increase in the cost of tomatoes as raw material
The price of raw materials in China is
still the lowest among the three major
production areas but it has been rising
continuously since 2019
Data SourcesWPTC
The average price of global Processing tomatoes are now 7 more expensive than during three previous seasons
5
2021 Sea freight soared by 300-1000
Since October 2020 the sea freight has
been rising continuously and some
routes have skyrocketed to 10 times The
high sea freight greatly reduces the profit
margin of tomato products Ocean
freight has become an important factor
restricting tomato trade
6
Westbound Logistics Development Shows Big Potential
With the rapid rise of sea freight a large number of goods began to be
transported by rail Since August 2020 China Europe train has operated 19 trains in
Italy 4 trains in Russia and 13 trains in other European directions with a total of 36
trains Each train carries 1000-1600 tons of goods with a total of more than 40000
tons of goods The stable operation of China Europe train greatly shortens the
transportation time and reduces the logistics cost of Chinese tomato production
7
China trade situation
In the past five years Chinarsquos Tomato export volume and sales price have
remained stable and Chinarsquos tomato industry has entered into a stage of
balanced and stable developmentbut prices are expected to rise in 2021-2022
due to cost rising raw materials packaging materials and sea freight
1048590 Unit 10000 MTUSDMT
Data SourcesWPTC Cofco
$0
$200
$400
$600
$800
$1000
$1200
$1400
$1600
0000
2000
4000
6000
8000
10000
12000
14000
Mar
-11
Jun
-11
Sep
-11
Dec
-11
Mar
-12
Jun
-12
Sep
-12
Dec
-12
Mar
-13
Jun
-13
Sep
-13
Dec
-13
Mar
-14
Jun
-14
Sep
-14
Dec
-14
Mar
-15
Jun
-15
Sep
-15
Dec
-15
Mar
-16
Jun
-16
Sep
-16
Dec
-16
Mar
-17
Jun
-17
Sep
-17
Dec
-17
Mar
-18
Jun
-18
Sep
-18
Dec
-18
Mar
-19
Jun
-19
Sep
-19
Dec
-19
Mar
-20
Jun
-20
Sep
-20
Dec
-20
Mar
-21
China Exports of Tomato Paste
Bulk Can Bulk Price Can Price
8
By August 01 2021 We will hold 172000 metric tons tomato paste stock on hand but the
inventory will be basically finished in the middle and late October2021
In 2021 Chinas total processing volume is estimated to be 48 million tons including 265 million
tons in Northern Xinjiang 099 million tons in southern Xinjiang 006 million tons in Gansu and 11
million tons in Inner Mongolia The accumulated temperature during transplanting was low and the
whole transplanting was delayed for 5-7 days The price rise of other crops and the shortage of water
resources have led to a significant decrease of 1 million tons of processed tomatoes compared with
2020
2021 Chinas regional production and inventory
Data SourcesCofco
0
20
40
60
80
100
120
140
0
100
200
300
400
500
600
700
2017 2018 2019 2020 2021
China production estimate of tomatoes for processing
Total procesing Total factories
Unit 10000 MT
00
50
100
150
200
250
300
350
2017 2018 2019 2020 2021
Inventory Unit 10000 MT
9
Mechanization North Xinjiang nearly 100 South Xinjiang 70 mechanical
harvest The mechanical harvesting area in Inner Mongolia will reach 43000 mu in
2021 With the implementation of Chinas large-scale land integration strategy
mechanical harvesting area is expanding year by year and the stability of raw
material supply is further enhanced
Automation and digitization non-stop upgrading
COFCO Keeps Piloting Mechanization and Efficiency Improving
Inner Mongolia Central control
10
Exchange Rate
EURUSD
USDCNY
64
121
Data Sources
In the past year the RMB exchange rate has risen from 71 to 64 The appreciation of RMB against the US dollar has reduced the profits of export enterprises due to production costs are locked in RMB
11
150K tons of bulk paste to repack for sauces repack paste for domestic market drinks powder lycopene products etc
Direct filling canned paste 65K tons mainly for catering
Dicedwhole peeled 15K tons
Amazing and Impressive Local Standard Market Development
150 65
65 28
15 7
12
5
2021 Sea freight soared by 300-1000
Since October 2020 the sea freight has
been rising continuously and some
routes have skyrocketed to 10 times The
high sea freight greatly reduces the profit
margin of tomato products Ocean
freight has become an important factor
restricting tomato trade
6
Westbound Logistics Development Shows Big Potential
With the rapid rise of sea freight a large number of goods began to be
transported by rail Since August 2020 China Europe train has operated 19 trains in
Italy 4 trains in Russia and 13 trains in other European directions with a total of 36
trains Each train carries 1000-1600 tons of goods with a total of more than 40000
tons of goods The stable operation of China Europe train greatly shortens the
transportation time and reduces the logistics cost of Chinese tomato production
7
China trade situation
In the past five years Chinarsquos Tomato export volume and sales price have
remained stable and Chinarsquos tomato industry has entered into a stage of
balanced and stable developmentbut prices are expected to rise in 2021-2022
due to cost rising raw materials packaging materials and sea freight
1048590 Unit 10000 MTUSDMT
Data SourcesWPTC Cofco
$0
$200
$400
$600
$800
$1000
$1200
$1400
$1600
0000
2000
4000
6000
8000
10000
12000
14000
Mar
-11
Jun
-11
Sep
-11
Dec
-11
Mar
-12
Jun
-12
Sep
-12
Dec
-12
Mar
-13
Jun
-13
Sep
-13
Dec
-13
Mar
-14
Jun
-14
Sep
-14
Dec
-14
Mar
-15
Jun
-15
Sep
-15
Dec
-15
Mar
-16
Jun
-16
Sep
-16
Dec
-16
Mar
-17
Jun
-17
Sep
-17
Dec
-17
Mar
-18
Jun
-18
Sep
-18
Dec
-18
Mar
-19
Jun
-19
Sep
-19
Dec
-19
Mar
-20
Jun
-20
Sep
-20
Dec
-20
Mar
-21
China Exports of Tomato Paste
Bulk Can Bulk Price Can Price
8
By August 01 2021 We will hold 172000 metric tons tomato paste stock on hand but the
inventory will be basically finished in the middle and late October2021
In 2021 Chinas total processing volume is estimated to be 48 million tons including 265 million
tons in Northern Xinjiang 099 million tons in southern Xinjiang 006 million tons in Gansu and 11
million tons in Inner Mongolia The accumulated temperature during transplanting was low and the
whole transplanting was delayed for 5-7 days The price rise of other crops and the shortage of water
resources have led to a significant decrease of 1 million tons of processed tomatoes compared with
2020
2021 Chinas regional production and inventory
Data SourcesCofco
0
20
40
60
80
100
120
140
0
100
200
300
400
500
600
700
2017 2018 2019 2020 2021
China production estimate of tomatoes for processing
Total procesing Total factories
Unit 10000 MT
00
50
100
150
200
250
300
350
2017 2018 2019 2020 2021
Inventory Unit 10000 MT
9
Mechanization North Xinjiang nearly 100 South Xinjiang 70 mechanical
harvest The mechanical harvesting area in Inner Mongolia will reach 43000 mu in
2021 With the implementation of Chinas large-scale land integration strategy
mechanical harvesting area is expanding year by year and the stability of raw
material supply is further enhanced
Automation and digitization non-stop upgrading
COFCO Keeps Piloting Mechanization and Efficiency Improving
Inner Mongolia Central control
10
Exchange Rate
EURUSD
USDCNY
64
121
Data Sources
In the past year the RMB exchange rate has risen from 71 to 64 The appreciation of RMB against the US dollar has reduced the profits of export enterprises due to production costs are locked in RMB
11
150K tons of bulk paste to repack for sauces repack paste for domestic market drinks powder lycopene products etc
Direct filling canned paste 65K tons mainly for catering
Dicedwhole peeled 15K tons
Amazing and Impressive Local Standard Market Development
150 65
65 28
15 7
12
6
Westbound Logistics Development Shows Big Potential
With the rapid rise of sea freight a large number of goods began to be
transported by rail Since August 2020 China Europe train has operated 19 trains in
Italy 4 trains in Russia and 13 trains in other European directions with a total of 36
trains Each train carries 1000-1600 tons of goods with a total of more than 40000
tons of goods The stable operation of China Europe train greatly shortens the
transportation time and reduces the logistics cost of Chinese tomato production
7
China trade situation
In the past five years Chinarsquos Tomato export volume and sales price have
remained stable and Chinarsquos tomato industry has entered into a stage of
balanced and stable developmentbut prices are expected to rise in 2021-2022
due to cost rising raw materials packaging materials and sea freight
1048590 Unit 10000 MTUSDMT
Data SourcesWPTC Cofco
$0
$200
$400
$600
$800
$1000
$1200
$1400
$1600
0000
2000
4000
6000
8000
10000
12000
14000
Mar
-11
Jun
-11
Sep
-11
Dec
-11
Mar
-12
Jun
-12
Sep
-12
Dec
-12
Mar
-13
Jun
-13
Sep
-13
Dec
-13
Mar
-14
Jun
-14
Sep
-14
Dec
-14
Mar
-15
Jun
-15
Sep
-15
Dec
-15
Mar
-16
Jun
-16
Sep
-16
Dec
-16
Mar
-17
Jun
-17
Sep
-17
Dec
-17
Mar
-18
Jun
-18
Sep
-18
Dec
-18
Mar
-19
Jun
-19
Sep
-19
Dec
-19
Mar
-20
Jun
-20
Sep
-20
Dec
-20
Mar
-21
China Exports of Tomato Paste
Bulk Can Bulk Price Can Price
8
By August 01 2021 We will hold 172000 metric tons tomato paste stock on hand but the
inventory will be basically finished in the middle and late October2021
In 2021 Chinas total processing volume is estimated to be 48 million tons including 265 million
tons in Northern Xinjiang 099 million tons in southern Xinjiang 006 million tons in Gansu and 11
million tons in Inner Mongolia The accumulated temperature during transplanting was low and the
whole transplanting was delayed for 5-7 days The price rise of other crops and the shortage of water
resources have led to a significant decrease of 1 million tons of processed tomatoes compared with
2020
2021 Chinas regional production and inventory
Data SourcesCofco
0
20
40
60
80
100
120
140
0
100
200
300
400
500
600
700
2017 2018 2019 2020 2021
China production estimate of tomatoes for processing
Total procesing Total factories
Unit 10000 MT
00
50
100
150
200
250
300
350
2017 2018 2019 2020 2021
Inventory Unit 10000 MT
9
Mechanization North Xinjiang nearly 100 South Xinjiang 70 mechanical
harvest The mechanical harvesting area in Inner Mongolia will reach 43000 mu in
2021 With the implementation of Chinas large-scale land integration strategy
mechanical harvesting area is expanding year by year and the stability of raw
material supply is further enhanced
Automation and digitization non-stop upgrading
COFCO Keeps Piloting Mechanization and Efficiency Improving
Inner Mongolia Central control
10
Exchange Rate
EURUSD
USDCNY
64
121
Data Sources
In the past year the RMB exchange rate has risen from 71 to 64 The appreciation of RMB against the US dollar has reduced the profits of export enterprises due to production costs are locked in RMB
11
150K tons of bulk paste to repack for sauces repack paste for domestic market drinks powder lycopene products etc
Direct filling canned paste 65K tons mainly for catering
Dicedwhole peeled 15K tons
Amazing and Impressive Local Standard Market Development
150 65
65 28
15 7
12
7
China trade situation
In the past five years Chinarsquos Tomato export volume and sales price have
remained stable and Chinarsquos tomato industry has entered into a stage of
balanced and stable developmentbut prices are expected to rise in 2021-2022
due to cost rising raw materials packaging materials and sea freight
1048590 Unit 10000 MTUSDMT
Data SourcesWPTC Cofco
$0
$200
$400
$600
$800
$1000
$1200
$1400
$1600
0000
2000
4000
6000
8000
10000
12000
14000
Mar
-11
Jun
-11
Sep
-11
Dec
-11
Mar
-12
Jun
-12
Sep
-12
Dec
-12
Mar
-13
Jun
-13
Sep
-13
Dec
-13
Mar
-14
Jun
-14
Sep
-14
Dec
-14
Mar
-15
Jun
-15
Sep
-15
Dec
-15
Mar
-16
Jun
-16
Sep
-16
Dec
-16
Mar
-17
Jun
-17
Sep
-17
Dec
-17
Mar
-18
Jun
-18
Sep
-18
Dec
-18
Mar
-19
Jun
-19
Sep
-19
Dec
-19
Mar
-20
Jun
-20
Sep
-20
Dec
-20
Mar
-21
China Exports of Tomato Paste
Bulk Can Bulk Price Can Price
8
By August 01 2021 We will hold 172000 metric tons tomato paste stock on hand but the
inventory will be basically finished in the middle and late October2021
In 2021 Chinas total processing volume is estimated to be 48 million tons including 265 million
tons in Northern Xinjiang 099 million tons in southern Xinjiang 006 million tons in Gansu and 11
million tons in Inner Mongolia The accumulated temperature during transplanting was low and the
whole transplanting was delayed for 5-7 days The price rise of other crops and the shortage of water
resources have led to a significant decrease of 1 million tons of processed tomatoes compared with
2020
2021 Chinas regional production and inventory
Data SourcesCofco
0
20
40
60
80
100
120
140
0
100
200
300
400
500
600
700
2017 2018 2019 2020 2021
China production estimate of tomatoes for processing
Total procesing Total factories
Unit 10000 MT
00
50
100
150
200
250
300
350
2017 2018 2019 2020 2021
Inventory Unit 10000 MT
9
Mechanization North Xinjiang nearly 100 South Xinjiang 70 mechanical
harvest The mechanical harvesting area in Inner Mongolia will reach 43000 mu in
2021 With the implementation of Chinas large-scale land integration strategy
mechanical harvesting area is expanding year by year and the stability of raw
material supply is further enhanced
Automation and digitization non-stop upgrading
COFCO Keeps Piloting Mechanization and Efficiency Improving
Inner Mongolia Central control
10
Exchange Rate
EURUSD
USDCNY
64
121
Data Sources
In the past year the RMB exchange rate has risen from 71 to 64 The appreciation of RMB against the US dollar has reduced the profits of export enterprises due to production costs are locked in RMB
11
150K tons of bulk paste to repack for sauces repack paste for domestic market drinks powder lycopene products etc
Direct filling canned paste 65K tons mainly for catering
Dicedwhole peeled 15K tons
Amazing and Impressive Local Standard Market Development
150 65
65 28
15 7
12
8
By August 01 2021 We will hold 172000 metric tons tomato paste stock on hand but the
inventory will be basically finished in the middle and late October2021
In 2021 Chinas total processing volume is estimated to be 48 million tons including 265 million
tons in Northern Xinjiang 099 million tons in southern Xinjiang 006 million tons in Gansu and 11
million tons in Inner Mongolia The accumulated temperature during transplanting was low and the
whole transplanting was delayed for 5-7 days The price rise of other crops and the shortage of water
resources have led to a significant decrease of 1 million tons of processed tomatoes compared with
2020
2021 Chinas regional production and inventory
Data SourcesCofco
0
20
40
60
80
100
120
140
0
100
200
300
400
500
600
700
2017 2018 2019 2020 2021
China production estimate of tomatoes for processing
Total procesing Total factories
Unit 10000 MT
00
50
100
150
200
250
300
350
2017 2018 2019 2020 2021
Inventory Unit 10000 MT
9
Mechanization North Xinjiang nearly 100 South Xinjiang 70 mechanical
harvest The mechanical harvesting area in Inner Mongolia will reach 43000 mu in
2021 With the implementation of Chinas large-scale land integration strategy
mechanical harvesting area is expanding year by year and the stability of raw
material supply is further enhanced
Automation and digitization non-stop upgrading
COFCO Keeps Piloting Mechanization and Efficiency Improving
Inner Mongolia Central control
10
Exchange Rate
EURUSD
USDCNY
64
121
Data Sources
In the past year the RMB exchange rate has risen from 71 to 64 The appreciation of RMB against the US dollar has reduced the profits of export enterprises due to production costs are locked in RMB
11
150K tons of bulk paste to repack for sauces repack paste for domestic market drinks powder lycopene products etc
Direct filling canned paste 65K tons mainly for catering
Dicedwhole peeled 15K tons
Amazing and Impressive Local Standard Market Development
150 65
65 28
15 7
12
9
Mechanization North Xinjiang nearly 100 South Xinjiang 70 mechanical
harvest The mechanical harvesting area in Inner Mongolia will reach 43000 mu in
2021 With the implementation of Chinas large-scale land integration strategy
mechanical harvesting area is expanding year by year and the stability of raw
material supply is further enhanced
Automation and digitization non-stop upgrading
COFCO Keeps Piloting Mechanization and Efficiency Improving
Inner Mongolia Central control
10
Exchange Rate
EURUSD
USDCNY
64
121
Data Sources
In the past year the RMB exchange rate has risen from 71 to 64 The appreciation of RMB against the US dollar has reduced the profits of export enterprises due to production costs are locked in RMB
11
150K tons of bulk paste to repack for sauces repack paste for domestic market drinks powder lycopene products etc
Direct filling canned paste 65K tons mainly for catering
Dicedwhole peeled 15K tons
Amazing and Impressive Local Standard Market Development
150 65
65 28
15 7
12
10
Exchange Rate
EURUSD
USDCNY
64
121
Data Sources
In the past year the RMB exchange rate has risen from 71 to 64 The appreciation of RMB against the US dollar has reduced the profits of export enterprises due to production costs are locked in RMB
11
150K tons of bulk paste to repack for sauces repack paste for domestic market drinks powder lycopene products etc
Direct filling canned paste 65K tons mainly for catering
Dicedwhole peeled 15K tons
Amazing and Impressive Local Standard Market Development
150 65
65 28
15 7
12
11
150K tons of bulk paste to repack for sauces repack paste for domestic market drinks powder lycopene products etc
Direct filling canned paste 65K tons mainly for catering
Dicedwhole peeled 15K tons
Amazing and Impressive Local Standard Market Development
150 65
65 28
15 7
12
12