The Economic Times  Apr 17  Comment 
The unmanned aerial vehicle, or drone as it is popularly known, was used to collect data at tomato farms in Karnataka's Kolar district for three months at the end of 2013.
DailyFinance  Apr 7  Comment 
MISSION, KS -- (Marketwired) -- 04/07/14 -- (Family Features) The classic grilled cheese sandwich has been an American favorite for generations. It's hard to resist toasted, buttery bread and melted cheese. The best way to upgrade a grilled...
DailyFinance  Apr 7  Comment 
TORONTO, ONTARIO -- (Marketwired) -- 04/07/14 -- GreenStar Agricultural Corporation, (TSX VENTURE: GRE) ("GreenStar" or the "Corporation") is pleased to provide an update on its recent acquisition of Bayannur City Beichen Tomato Products Co.,...
DailyFinance  Mar 26  Comment 
LOS ANGELES, CA -- (Marketwired) -- 03/26/14 -- Just in time for spring, Andean Dream and Neiman Marcus restaurants Mariposa, Zodiac, Mermaid and NM Café join forces to feature Andean Dream's gluten-free spaghetti in a brand-new dish. Created by...
Reuters  Mar 20  Comment 
ConAgra Foods Inc's quarterly profit beat analysts' lowered estimates and the maker of Hunt's tomato ketchup and Slim Jim beef jerky maintained its full-year earnings forecast.
Times Online  Mar 7  Comment 
This is my latest take on Greek spanakopita. I like it with roast tomato halves started before the pie goes...
Forbes  Mar 3  Comment 
Most commodity producers look to cut costs aggressively. So why is Mutti S.p.a. paying farmers more than competitors?
New York Times  Feb 20  Comment 
Cauliflower is often matched with pasta in Italy; this version is all about texture.     
Times Online  Feb 15  Comment 
A hint of cumin permeates through these dense little meatballs. Fried first, they’re warmed through in a garlicky tomato sauce stirred...




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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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