Benzinga  Dec 23  Comment 
Looking to spend some quality time with your loved ones and catch a Christmas flick? In honor of 2016, here is Benzinga's guide to some of our top 16 Christmas movies. 1. "Die Hard" — Why not? John McClane battling terrorists during a...
Motley Fool  Dec 12  Comment 
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DailyFinance  Dec 9  Comment 
Filed under: Lifestyle, Healthy Vegan Tuscan Lentil Soup! Healthy lentil soup with an Italian flair. So delicious and perfect for winter! After my recent trip to Italy, I've been partial to cooking with the flavors of Tuscany: tomatoes,...
DailyFinance  Nov 30  Comment 
Filed under: Entertainment, Celebrity News Shannen Doherty continues to do the things she loves amid her battle with cancer. On Tuesday, the former Beverly Hills, 90210 star shared a photo on Instagram of herself and mother Rosa holding an...
The Hindu Business Line  Nov 25  Comment 
It is the second-largest market for tomatoes in Asia (after Pimpalgaon, Nashik) and the largest in South India. Yet, the APMC market in Kolar, 70 km from Bengaluru, does not even have a bank branch or...
Southeast Farm Press  Nov 15  Comment 
Rosemary Hallberg, NC State University Thanks to a North Carolina State University-led project, several U.S. growers have been able to use grafted tomato plants to return land plagued by bacterial wilt to production. And...
Southeast Farm Press  Nov 14  Comment 
Rosemary Hallberg, NC State University Thanks to a North Carolina State University-led project, several U.S. growers have been able to use grafted tomato plants to return land plagued by bacterial wilt to production. And...
DailyFinance  Nov 10  Comment 
Filed under: Lifestyle, Recipes Welcome to Best Bites, a twice-weekly video series that aims to satisfy your never-ending craving for food content through quick, beautiful videos for the at-home foodie. Check back on Tuesdays and Thursdays for...
guardian.co.uk  Nov 8  Comment 
Decision by supermarket giant is a significant blow to the struggling fruit processor and comes just two years after a $22m Victorian government rescue package Woolworths has decided to dump SPC Ardmona’s tinned tomatoes as its private-label...
DailyFinance  Nov 3  Comment 
Filed under: Lifestyle, Recipes By An Edible Mosaic When I was in law school I fell into a weekly Tex-Mex routine with few friends. We'd meet at a local dive on Thursday evenings and order a bunch of different dishes to eat family-style....




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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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