Market Report July 2025
Tuna
In the Western Pacific – particularly Thailand, the Philippines and Papua New Guinea – the FAD ban came into effect on 1 July and will remain in place until 15 August. Satisfactory landings in May and June had fuelled expectations of falling prices, but since the beginning of July, quotations have been moving sideways at approximately $1,550/mt. We anticipate this stable price level to continue until the end of the FAD ban.
The situation in the Eastern Pacific, particularly around Ecuador, presents a slightly different picture. The Veda (seasonal fishing closure) begins on 29 July and ends on 8 October. Current catch volumes are significantly below last year’s levels. With the Veda approaching, prices have started to firm – rising from $1,550/mt in June to currently $1,600/mt, with a slightly upward trend. Despite the FAD ban, the Western Pacific remains a price-relevant region—especially for large cans in MSC-certified quality.
For securing larger MSC pouch volumes ex Ecuador, we recommend making procurement decisions either now or towards the end of the Veda period. In any case, please communicate your demand early.
Capers
The caper harvest is about to begin, particularly in Morocco, where assessments of the upcoming season still vary. Some suppliers report excellent growing conditions with high quality and volume, while others indicate a delayed start to the season with lower expected yields. Initial offers from the harvest regions – Morocco and Turkey – are anticipated by late July to early August. We will keep you informed on the progress of the harvest. Please feel free to get in touch with us at any time to discuss your requirements.
Sweetcorn
Since 2024, the European Commission has been discussing the potential introduction of anti-dumping duties on sweetcorn imports from China, due to suspected price undercutting. Proposed tariff rates range between 37.5% and 55.2%, though no official decision has been made to date. Should such measures be implemented, the market landscape could shift, potentially increasing the attractiveness of alternative origins. We are closely monitoring developments and stand ready to offer suitable sourcing alternatives as needed.
Asparagus
By the end of June, Chinese producers are facing a second consecutive season marked by extremely dry conditions and low yields. As a result, Peru is becoming a more competitive origin again this year – though prices remain notably higher than those from China.
Capsicum Products
Turkey
The economic situation in Turkey remains tense and continues to impact local processing operations. Despite the benchmark interest rate holding steady at 46%, inflation remains high at 35%. Compared to last year, energy costs have nearly doubled, while labour costs have risen by approximately 30%.
Against this backdrop, the capsicum harvest is currently in full swing. While Capia peppers are sufficiently available, raw material prices range between TRY 12 and 16/kg, remaining at elevated levels. Prices for Topa and Demre pepper varieties also continue to trade firmly.
Egypt
Since the beginning of 2025, inflation in Egypt has been on a downward trend, currently standing at 19.6%, with further declines expected into 2026. This is improving conditions for Egyptian producers. We are seeing good raw material availability and attractive pricing, particularly for Lombardi and Capia peppers.
Peru
The harvest has progressed well overall, with satisfactory availability – especially for jalapeños and mini peppers. Peru remains a leading origin for Piquillo peppers, and initial contracts have already been concluded.
There are currently some interesting opportunities emerging across the markets. Please don’t hesitate to contact us early – we are happy to advise you.
Tomato Products
Northern Italy
Planting was completed by the end of June under favourable weather conditions, allowing the harvest to start on 25 July. The forecast for Northern Italy stands at approximately 3 million tonnes.
Portugal
Planting began on 11 May and concluded by the end of June, also under favourable conditions. Extended heatwaves were avoided, and nighttime temperatures remained cool, supporting healthy plant development. Given the current growth progress, the harvest is expected to start slightly earlier, likely from mid-August. Around 70% of the crop is expected to be harvested in September, with a further 10–15% following in October. The current raw material price stands at €115 per tonne, with a projected volume of 1.35 million tonnes.
Spain
In Andalusia and Extremadura, planting was completed in June – approximately 15 days later than usual. Harvesting is expected to begin in late July in Andalusia and early August in Extremadura.
The yield forecast is around 2.6 million tonnes. However, the final planted area – officially confirmed in early July – is expected to fall short of initial expectations.
Prices in Portugal and Spain have declined year-on-year, while price levels in Italy remain firm. Additional volumes are currently available on the market.
In addition to European origins, we also offer non-European supply options at competitive conditions.
Please don’t hesitate to contact us – we’ll be happy to advise you.
100 years Henry Lamotte
When our journey began in 1925, the world was a very different place. And yet – some things never changed: our curiosity, our entrepreneurial spirit, and our belief that trust is the foundation of everything we do.
We’ve grown from a small trading company into an international partner for natural oils and food – shaped by people who care, think ahead and act with purpose.
Our anniversary video is a tribute to everyone who has supported us with their ideas and dedication along the way. And a promise: we’ll keep shaping the future with you.
