Southeast Farm Press  Sep 22  Comment 
Xavier Martini, Mathews Paret, Josh Freeman, UF/IFAS Outbreaks of sweetpotato whiteflies have been recorded recently in the Florida Panhandle and south Georgia on tomatoes and other vegetables. This arrival of whitefly is...
guardian.co.uk  Sep 9  Comment 
Dismal sales hot up price war as supermarket follows rival Morrisons in slashing prices of several products Asda is to cut prices on fresh meat and own brand essentials such as tomato ketchup and instant coffee by an average of 15% in the latest...
Forbes  Sep 8  Comment 
With too few workers in the fields, the way food is produced?and which kinds?will shift.
New York Times  Aug 29  Comment 
Tomato crops worldwide are being ravaged by a moth no larger than an eyelash. It was introduced to Europe in 2006 via a container of infested tomatoes
Southeast Farm Press  Aug 29  Comment 
Virginia Tech Scientists warn that the leafminer, which primarily threatens tomatoes but also devastates other crops, is a risk to food security and agricultural production in countries where it invades. read more
Forbes  Aug 22  Comment 
Show-Score.com is quickly becoming Broadway's online hub. It's also the only place in the world for producers to get data on their audience's taste - insight that's worth millions.
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.




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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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