Euro Foods says it is investigating after Birmingham woman discovers reptile while preparing lunch for family
A couple in Birmingham were horrified to find a dead lizard floating in a tin of tomatoes while preparing lunch.
Sanam Hussain, 27,...
I wrote about The MorningStar Company in my book, The Future of Work. Typically when you hear about organizations that are experimenting with new management models or corporate structures you think of technology companies or companies like...
Monday through Thursday at the Monarch Room in New York City, executive chef Michael Citarella prepares his off-the-menu burger, the Monarch Burger. It's 8 ounces of all-natural, ultra-premium beef ground from a single steer with a 20% fat ratio....
Oops! Unable to complete your request. Please refresh your browser.
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. 
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)
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.