The Economic Times  Jun 28  Comment 
Tomato is available at Rs 50 a kg in Kolkata, Rs 40-45 in Chennai and Rs 35-40 in Mumbai, trade data showed.
Forbes  Jun 27  Comment 
When using Rotten Tomatoes as a critical tool, the Tomatometer is just half of the story.
The Hindu Business Line  Jun 21  Comment 
Indian tomato varieties are all set to be grown in Ghana, after pilot studies have demonstrated higher yields and better taste.An Indo-Ghana Pilot Research project for Tomato Production, launched in 2...
Clusterstock  Jun 18  Comment 
Daniel Humm is the chef of the best restaurant in the world, Eleven Madison Park. Humm believes everyone should know how to make the perfect spaghetti with tomato sauce. Following is a transcript of the video. I think chefs are very, pretty...
Forbes  Jun 13  Comment 
Rotten Tomatoes is a symptom of (or a treatment for) a larger Hollywood problem.
Clusterstock  Jun 12  Comment 
Business Insider spoke with Alexis Stenfors, author of "Barometer of Fear: An Insider's Account of Rouge Trading and the Greatest Banking Scandal in History",  about why he found trading big numbers boring and monotonous - likening the practice...
Forbes  Jun 8  Comment 
Universal owns Rotten Tomatoes; Amazon owns IMDb; CBS owns Metacritic. Can new app MovieGrade be the only unbiased platform?
Clusterstock  Jun 2  Comment 
Warner Bros. could have a historic weekend at the box office.  The studio finally has a universally acclaimed movie for its still young DC Comics Extended Universe ("Batman v Superman: Dawn of Justice," "Suicide Squad") with "Wonder Woman,"...
DailyFinance  May 15  Comment 
Filed under: Lifestyle, Food, Healthy There's a danger lurking in our food that Gwyneth Paltrow wants us all to be aware of. Read more...   Permalink | Email this | Linking Blogs | Comments
New York Times  May 12  Comment 
The president ridiculed Don Lemon as “perhaps the dumbest person in broadcasting,” called Chris Cuomo “a chained lunatic” and claimed Stephen Colbert said “nothing funny.”




RELATED WIKI ARTICLES
 
TOP CONTRIBUTORS


Error creating thumbnail
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