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Tomato processors eye emerging markets amid economic downturn - Robotic Palletizer Manufacturer by grass lawn





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Tomato processors eye emerging markets amid economic downturn - Robotic Palletizer Manufacturer by
Article Posted: 10/07/2013
Article Views: 51
Articles Written: 975
Word Count: 393
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Tomato processors eye emerging markets amid economic downturn - Robotic Palletizer Manufacturer


 
Business,Business News,Business Opportunities
Tomato processors from around the world gathered in Beijing onSunday for the 10th World Processing Tomato Congress, turning theireyes toward emerging markets, like China, to cope with the currenteconomic downturn. The congress was held in Beijing for the fist time, which showsthat tomato processing companies have attached greater importanceto both the Chinese market over recent years and the roles Chinesecompanies play in the sector, China's Vice Commerce Minister JiangZengwei said at the opening ceremony. More than 300 delegates, including business executives, associationleaders and experts, attended the biennial event. Jiang said huge tomato processing development potential can be seenin emerging markets, such as countries in the Middle East, Africaand Asia.

"Take China for example, the average annual consumption volumeof tomato sauce is 0.6 kg per capita for China's population of 1.3billion, far less than the 20 to 30 kg in European and Americancountries," he said, encouraging companies to further developChina's processed tomato market. Ning Gaoning, chairman of China's largest grain and oil dealerCOFCO Group, said most Chinese people first encountered tomatosauce in recent decades, after McDonald's opened its firstrestaurant in the Chinese mainland in the early 1990s. "Everyone tried to figure out what ketchup was at thattime," said Ning. However, according to Ning, developing the Chinese market ischallenging, as most Chinese are still used to having freshtomatoes, and people need to be informed that processed tomatoesare more nutritious. Ning said that due to oversupply and decreased demand, tomatoprocessing companies have been losing money in the economicslowdown over the past three years.

He urged the whole industry tojointly cope with these difficulties by making use of the congressas a platform. The two-day congress is running under the theme of "tomatoprocessing and emerging markets" this year, and it serves as aplatform for delegates to exchange ideas on macroeconomic trends,regional tomato processing markets, and supply, demand and pricingof processed tomato products, as well as the sustainability of theindustry, said James Beecher, president of the World ProcessingTomato Council, the event's organizer. The event was also co-organized by the China Canned Food IndustryAssociation and COFCO Tunhe, a COFCO Group-affiliated companyfocused on vegetable and fruit processing, based in Urumqi, capitalof Xinjiang Uygur autonomous region.

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