The Economic Times  Jun 26  Comment 
In the backdrop of surge in tomato price, he said fluctuation in vegetable prices was linked to market forces rather than cultivation.
CNNMoney.com  Jun 23  Comment 
A movie review can make or break a film's box office, and a new study gave a thumbs down to the small number of female critics.
The Hindu Business Line  Jun 22  Comment 
The demand for tomato puree and ketchup has shot up by 40 per cent within a month as people have curtailed the use of tomatoes and prefer dishes that do not require much use of tomatoes, fo...
BBC News  Jun 19  Comment 
As Nigeria allows its currency to trade freely in a move to tackle the financial crisis, financial blogger Feyi Fawehinmi looks at how it will affect people's lives.
The Economic Times  Jun 17  Comment 
Noting that the Centre has created buffer stock for cereals, Badal underlined that such stocks should be created for tomatoes and other vegetables.
The Economic Times  Jun 17  Comment 
The case of the two everyday vegetables — potatoes and tomatoes — is slightly different. Both are shorter duration crops. But both have seen prices surge.
NPR  Jun 16  Comment 
Canada, despite its cold weather, ships more fresh tomatoes, peppers and cucumbers to the U.S. than we send the other way. How? With the continent's largest cluster of greenhouses.
The Hindu Business Line  Jun 16  Comment 
Tomato prices which have soared to Rs 80-100 per kg in retail markets across the country are likely to remain elevated for at least next two months as fresh crop is expected to hit markets only by Au...
The Economic Times  Jun 14  Comment 
High temperatures during April and May have affected tomato production adversely in the key growing belts of north India and Maharashtra.
Forbes  Jun 13  Comment 
The 'Warcraft' movie is way better than its Rotten Tomatoes score would have you believe.




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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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