MedPage Today  2 hrs ago  Comment 
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BBC News  Aug 25  Comment 
The Israeli health ministry has ruled that Heinz tomato ketchup must now be sold as "tomato seasoning" in the Middle East country.
guardian.co.uk  Aug 19  Comment 
US scientists say simple treatment process can dramatically boost flavour of tomatoes that are made relatively tasteless by cold storage Tomatoes sold in supermarkets can be made to taste better by dunking them in hot water before they ripen, a...
The Economic Times  Aug 12  Comment 
Farmers have increased the area under tomato cultivation across the country due to good prices they fetched in the past two years.
New York Times  Jul 23  Comment 
Children need to learn two styles of cooking: following recipes, and pulling together a basic meal from what’s on hand.
Southeast Farm Press  Jul 21  Comment 
Rocky Womack, Contributing Writer Georgia continues to upgrade its two-decades-old tomato spotted wilt virus incidence database for tobacco. read more
Reuters  Jul 7  Comment 
* Members of parliament want early action on careful resource use
Times Online  Jul 3  Comment 
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NPR  Jun 24  Comment 
Adding eggs to salads helps us absorb the beneficial pigments like beta carotene in the raw vegetables, a new study finds. Here are other foods that, when eaten together, pack a more nutritious punch.
New York Times  Jun 23  Comment 
As a stand-in for tomatoes, the stone fruit adds a juicy surprise in every bite.




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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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