Southeast Farm Press  Nov 19  Comment 
Clint Thompson, University of Georgia “In the past couple of years, we’ve seen an increase, certainly not to the level it was in 1995 or 1997, but I’m seeing more and getting more reports from growers of tomato spotted wilt virus....
Canada.com  Nov 17  Comment 
Guards used big umbrellas to shield Milos Zeman from flying projectiles at the university where a rally launched the revolution in Czechoslovakia 25 years ago
The Hindu Business Line  Nov 13  Comment 
Farmers in Tamil Nadu have been advised to take up bhendi and brinjal cultivation in the ensuing sowing season, commonly termed as “Karthigai pattam” and desist from cultivating tomato. ...
Southeast Farm Press  Nov 5  Comment 
Brad Buck, University of Florida The UF Institute of Food and Agricultural Sciences Cultivar Release Committee, in partnership with the Florida Foundation Seed Producers Inc., approved Fla. 8638B, Fla. 8624 and Fla. 8923 on Oct....
NPR  Nov 3  Comment 
Farmers want tomato varieties that yield more fruit. Consumers want tastier ones. How to resolve that tension? A new genetic toolkit could help growers maximize the best of both worlds.
The Economic Times  Oct 30  Comment 
There is good news on the inflation front. Diesel prices are likely to fall 11% in a span of two weeks; onion has dropped to Rs 20 a kg.
BusinessWeek  Sep 29  Comment 
Food-safety authorities issue warnings to protect public health. But what are farmers to do when the government puts the blame on the wrong crops?
Times Online  Sep 23  Comment 
Potacchio is a fully-charged Italian tomato sauce flavoured with rosemary, lemon zest, onion and chilli. I think of it as...




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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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