Italian tomato producer Mutti has warned that the cost of tomatoes could rise if oil prices remain elevated during the critical summer harvest period. Energy expenses are approximately 50% higher than anticipated due to the ongoing conflict in Iran, which continues to impact oil and gas costs, according to the company.
Mutti CEO Highlights Critical Summer Period
Chief executive Francesco Mutti noted that the business has managed to avoid raising prices so far, but cautioned that the period between July and September would prove critical in determining what happens next. The company consumes roughly three-quarters of its annual energy expenditure during the peak European tomato season, when tomatoes are harvested and processed intensively before global distribution.
Potential Price Increases After Harvest
Mutti said the company would reassess its stance once the harvest has concluded, with any potential price increases likely to follow after the season wraps up. He added: "There, depending on the level, we will have to take the decision about what our position will be on the market."
In Britain, tins of Mutti Polpa chopped tomatoes retail at approximately £1.60, with the brand competing directly with Napolina for the position of leading non-supermarket tomato brand. Mutti said this year's Italian tomato harvest would prove a "key element" in determining whether prices require adjustment.
Fresh Tomato Growers Also Hit
When it comes to fresh tomatoes, supermarket customers have already been noticing the consequences. British growers who depend on glasshouses have been struck by both elevated fertiliser costs and spiralling energy bills. Some encountered electricity standing charges climbing by as much as 80% from April, according to the British Tomato Growers Association. Shoppers have also been spotting empty spaces on shelves where tomatoes and other essential food items, such as peppers and cucumbers, should be.
