guardian.co.uk  Apr 20  Comment 
Drivers say Green Tomato, A2B and Blacklane did not provide holiday pay or minimum wage The battle for rights for gig economy workers is stepping up as the union behind legal action against Uber targets three taxi firms that say their drivers are...
Wall Street Journal  Apr 16  Comment 
Scientists and agriculture-industry executives say using Crispr technology in plants could transform agriculture and help feed a growing global population. Organic farmers and natural-food companies say it may pose risks to human health and...
247WallSt  Apr 6  Comment 
[jwplayer ZURcbFFV]Comedy films flourished during the 1980s – a golden age of comedy in American cinema. Following a stretch of dark and gritty films released in the 1970s that reflected the nation’s mood of disillusionment after Vietnam and...
The Hindu Business Line  Mar 27  Comment 
The rising temperature levels across Maharashtra is seen affecting horticulture crops such as tomatoes and citrus fruits among others. While the day temperatures are as high as 40 degrees, nig
Forbes  Mar 16  Comment 
Science says it's not surprising the film is controversial (and Rotten Tomatoes can't predict what people think is a good movie).
The Hindu Business Line  Mar 8  Comment 
Tomato, a vegetable crop grown worldwide, is facing significant losses in productivity due to environmental factors like drought, floods, salinity and heat. This has pushed scientists to better und
New York Times  Mar 1  Comment 
Marinated tomatoes and cold, crisp iceberg meet up beneath a pungent vinaigrette.
The Economic Times  Feb 15  Comment 
A bumper crop has caused prices to plummet, and farmers' organisations are demanding measures to protect the interests of tomato producers.
The Economic Times  Feb 8  Comment 
Haryana will support prices of tomato and onion under the Bhavantar Bharpai Yojana, a scheme announced by the govt to cover the price deficit of crops for farmers.
MarketWatch  Feb 2  Comment 
An alt-right Facebook group is attempting to sabotage Rotten Tomatoes ratings for Walt Disney Co.’s “Black Panther.”




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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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