NPR  Apr 15  Comment 
What's a fair way to divide up California's scarce water? The current system relies heavily on history: Some farmers will get water, others won't, based simply on when their land was first irrigated.
MarketWatch  Apr 7  Comment 
Hamburger chain to offer sirloin burgers with bacon, mushrooms or just lettuce and tomato.
BBC News  Mar 25  Comment 
Kraft Foods Group shares jump 35% after an announcement that the firm will merge with tomato ketchup maker Heinz.
The Economic Times  Mar 25  Comment 
Onions, tomatoes, peas, and cabbage are costlier by more than 50% compared to last year, while brinjal and cauliflower prices have shot up by up to 40%.
Southeast Farm Press  Mar 19  Comment 
Sponsored by It seems that no matter how many tools you have in your toolbox, you always need one more tool to get the job done right. The same is the case when managing tomato spotted wilt virus (TSWV) in peanuts. read more
Forbes  Mar 15  Comment 
The 23rd James Bond film - Skyfall, starring Daniel Craig - made a ridiculous amount of money at the box office (over $1 billion) and received a ridiculous amount of critical acclaim (it has a 92% score on Rotten Tomatoes). If you ask me, it...
The Economic Times  Mar 5  Comment 
Prices of peas have also increased marginally to Rs 44 per kg, but tomato prices are ruling stable at Rs 32 per kg.
Forbes  Mar 4  Comment 
What happens when you have trouble installing a new water filter? Or your garden tomatoes are dying? Fountain is a mobile app that instantly connects users with experts over video chat to answer home repair questions.
TechCrunch  Feb 23  Comment 
 Robots. They’re eating our jobs one occupation at a time, some say. They’ll pour your drinks without expecting tips. They’ll write up the news without demands for exclusives or the penchant for whisky. And now… they’ll sit on your...
Wall Street Journal  Feb 17  Comment 
Fresh Del Monte’s loss narrowed in the fourth quarter as higher banana volume in North America, as well as sales growth in tomatoes and melons, offset weakness in prepared foods and led to better-than-expected results.
Wall Street Journal  Feb 17  Comment 




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Tomatoes prices have followed in the footsteps of many other foodstock commodities such as wheat and corn for many of the same reasons: increasing prices for energy, farming chemicals, water, and labor have all contributed. A key trend driving the overall price hike for farmed commodities is the rise in corn production for ethanol; as farmers get paid higher prices for corn, many switch their land use to produce this energy feedstock, thus lowering the supply of other crops.

As a result, the price per ton of tomatoes has gone up from about $50 per ton from 2001-2005 to $63 per ton for the 2007 summer crop. [1]

Companies Hurt

  • H.J. Heinz Company (HNZ) sells 650 million bottles of ketchup a year and tomatoes are a key ingredient. Heinz's overall input costs--including corn syrup, another major ingredient--have been rising, and the company has not passed on the entire increased cost to consumers (i.e., Heinz's gross margins are shrinking)

Companies Benefiting

  • Monsanto Company (MON) purchased the then-biggest seed company in the world for $1 billion in 2005. Semini controlled about 23% of worldwide tomato seed market in 2005. Since then, tomato seed costs have tripled, from $300 to $900 per 100,000 seeds. Monsanto benefits from the increased prices of almost all farmed commodities, as the company produces a range of farming related products, including seeds, fertilizer and agri-chemicals.
  • Deere & Company (DE) is another company that benefits from a rise all agricultural commodity prices. The company produces machines used in the agricultural business.

References

  1. California Tomato Growers Association
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