Bloomberg  Nov 23  Comment 
(Update1) Campbell Soup Co., the world’s largest soupmaker, said first-quarter profit climbed 17 percent on decreasing marketing and ingredient costs.
TechCrunch  Nov 20  Comment 
Rotten Tomatoes is a great site because it takes all the movie reviews from around the web and condenses them into an easy-to-understand aggregate score. But let's be honest: Most movie reviewers suck. Why not instead rely on people in your social...
Business Standard  Nov 15  Comment 
The prices of tomato have witnessed a hike of whopping 200 per cent in the last three days in the leading markets of central Uttar Pradesh. The recent heavy rains in Nashik in Maharashtra and parts of UP have prevented the timely harvesting of the...
guardian.co.uk  Nov 12  Comment 
At some restaurants and pubs around the country you can exchange your homegrown produce for a drink What can you get for a handful of knobbly potatoes and a few mutant baby tomatoes? These are the last remnants of our vegetable patch. They might...
guardian.co.uk  Nov 12  Comment 
• Chef's pasta range has more than any other • One portion equivalent to 10 bags of salted crisps • Food blog: Why didn't they fix this a year ago? According to Jamie Oliver, his range of pasta sauces is "all about offering exciting...
International Business Times  Nov 9  Comment 
Cedenco Foods Australia has been placed in the hands of receivers but will remain in operation pending a sale of the business.Located in the town of Echuca, the company operates the largest tomato-processing factory in the southern hemisphere....
Sydney Morning Herald  Nov 9  Comment 
Sydney Morning Herald  Nov 7  Comment 
NSW Health has warned against eating uncooked semi-dried tomatoes because of feared links with hepatitis A.
Sydney Morning Herald  Nov 7  Comment 
People are being warned against eating uncooked semi-dried tomatoes after evidence emerged of a possible link with hepatitis A, NSW Health says.
Red Orbit  Nov 4  Comment 
Breeders can enhance nutritional value using inexpensive colorimeter methodCarotenoids, the family of yellow to red pigments responsible for the striking orange hues of pumpkins and the familiar red color of vine-ripe tomatoes, play an important...
PR Newswire  Nov 4  Comment 
NEW YORK and LOS ANGELES, Nov. 4 /PRNewswire/ -- The Three Tomatoes.com and In the Trenches Productions.Com have launched an internet radio show "Tomatoes in the Trenches" (www.tomatoesinthetrenches.com) on
Suggest a News Source
Topic
Top news source/blog that we're missing
Why do you recommend this news source?
Close 
Thanks for your suggestion!
 
RELATED WIKI ARTICLES
 
TOP CONTRIBUTORS


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
Wikinvest © 2006, 2007, 2008, 2009. Use of this site is subject to express Terms of Service, Privacy Policy, and Disclaimer. By continuing past this page, you agree to abide by these terms. Any information provided by Wikinvest, including but not limited to company data, competitors, business analysis, market share, sales revenues and other operating metrics, earnings call analysis, conference call transcripts, industry information, or price targets should not be construed as research, trading tips or recommendations, or investment advice and is provided with no warrants as to its accuracy. Stock market data, including US and International equity symbols, stock quotes, share prices, earnings ratios, and other fundamental data is provided by data partners. Stock market quotes delayed at least 15 minutes for NASDAQ, 20 mins for NYSE and AMEX. Market data by Xignite. See data providers for more details. Company names, products, services and branding cited herein may be trademarks or registered trademarks of their respective owners. The use of trademarks or service marks of another is not a representation that the other is affiliated with, sponsors, is sponsored by, endorses, or is endorsed by Wikinvest.
Powered by MediaWiki