Sydney Morning Herald  10 hrs ago  Comment 
Three men have been jailed in Melbourne over 4.4 tonnes of pills hidden in tomato tins from Italy, found in Australia's biggest ecstasy bust.     
The Hindu Business Line  Apr 29  Comment 
FMCG company Ruchi Soya Industries today signed an agreement with Japan’s Kagome and Mitsui to set up a joint venture (JV), RuchiKagome, to manufacture tomato products in India. “Currentl...
The Hindu Business Line  Apr 28  Comment 
An increase in arrivals coupled with steady domestic demand pulled tomato prices down by Rs 50-300 a quintal for the different varieties, on Sunday. Around 950 crates (of 25 kg each) of d...
The Hindu Business Line  Apr 21  Comment 
Lower arrivals in the market pushed up tomato prices on Sunday by Rs 300-500 a quintal for the different varieties. Around 750 crates (a crate is 25 kg) of different varieties of tomatoes...
BBC News  Apr 17  Comment 
Why tomatoes have been taken off the menu in Brazil
Financial Times  Apr 14  Comment 
Inflation a highly emotive issue in Brazil ahead of an election because of struggle in earlier decades with runaway price rises of as much as 2,500%
The Hindu Business Line  Apr 14  Comment 
A marginal increase in arrivals coupled with steady domestic demand pulled tomato prices down by Rs 70-200 a quintal for the different varieties, on Sunday.Around 800 crates (of 25...
Dividend Stocks  Apr 13  Comment 
If you are interested in health and nutrition, you probably already know all about the so-called super foods that are full of nutrients your body needs. When faced with a decision between a bacon sandwich and a salad full of vegetables, it's not...
Southeast Farm Press  Apr 10  Comment 
By Stacey Shackford, Cornell University A tomato that packs a powerful one-two punch deters thrips and counters the killer viruses they transmit. read more




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, 2010, 2011, 2012. 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