newratings.com  Aug 9  Comment 
MIAMI-DADE-COUNTY (dpa-AFX) - Burger King's latest new menu item is the Whopperito, which contains traditional Whopper burger ingredients like beef, onions, lettuce, tomatoes and pickles inside a flour tortilla. Meanwhile, the traditional...
New York Times  Aug 7  Comment 
Roasted potato hash is on the menu, along with Greek tomato salad and more.
New York Times  Aug 5  Comment 
Anchovies, yes anchovies, are a perfect pairing, providing a meaty, savory umami to tomatoes in a tart, on pasta or on the grill.
Wall Street Journal  Jul 20  Comment 
Hollywood’s latest obsession isn’t a star or a script but a number. Studio executives increasingly are looking to websites such as Rotten Tomatoes and Metacritic, which average hundreds of reviews into a single score between one and 100, to...
The Times of India  Jul 20  Comment 
Rise in vegetable prices is mainly restricted to increase in tomato, potato and onion rates and this has been occurring with almost alarming regularity, according to a report by SBI Research.
The Economic Times  Jul 15  Comment 
US burger chain McDonald's has stopped using sliced tomatoes in its products in North and East India due to concerns over poor quality of the crop. Senior executives at McDonald's India said the move to curtail the use of tomatoes in its offerings...
Clusterstock  Jul 14  Comment 
Have you ever wondered what happened to currency that gets damaged? If you have a paper shredder in your home, you already have a pretty good idea. But that's just the start.  Great Big Story created a video to follow old bills through the...
OilVoice  Jul 13  Comment 
This time last year the mood in Nigeria was one of unbridled optimism. President Muhammadu Buhari had completed just over a month in office and the countrymen were hopeful emboldened by his anticor
MarketWatch  Jul 11  Comment 
Healthy Choice, a ConAgra Foods Inc. brand, said Monday that it will introduce four meals that include organic ingredients this July. The new additions to the Healthy Choice Simple Café Steamers line have 270 calories or less and pricing will be...




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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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