GenEng News  Apr 13  Comment 
The story of the Flavr Savr™ tomato, the first genetically modified (GM) food crop to be marketed commercially following FDA approval in 1994, all started with tomato soup. Flavr Savr’s developer, a California company named Calgene, had a...
GenEng News  Apr 12  Comment 
The story of the Flavr Savr™ tomato, the first genetically modified (GM) food crop to be marketed commercially following FDA approval in 1994, all started with tomato soup. Flavr Savr’s developer, a California company named Calgene, had a...
The Economist  Apr 7  Comment 
You say “tomato”, I say “Zomato” INDIA has surprisingly few brands that are recognised abroad. Some have been acquired, such as Jaguar, Land Rover orTetley tea, which are all part of the Tata conglomerate. One or two business-facing...
New York Times  Apr 5  Comment 
Tennessee’s legislature voted to honor the Bible — like the smallmouth bass and the tomato before it — as a state symbol.
guardian.co.uk  Mar 28  Comment 
The more scorn reviewers pour on Zack Snyder’s box office triumph, the more audiences are determined to see it Related: Batman v Superman: Dawn of Justice – discuss the film with spoilers Batman v Superman: Dawn of Justice is hardly the...
newratings.com  Mar 22  Comment 
WASHINGTON (dpa-AFX) - Researchers from the South Dakota School of Mines & Technology, Princeton University and Florida Gulf Coast University have successfully converted tomato waste into electricity, paving the way for an efficient low-cost new...
Forbes  Mar 17  Comment 
Dangote Group, the Nigerian conglomerate owned by Africa?s richest man, Aliko Dangote, has officially launched a $20 million tomato processing facility in Kano state, northern Nigeria.
The Hindu Business Line  Mar 16  Comment 
Scientists, including one of Indian-origins, are developing a biological-based fuel cell that uses damaged or waste tomatoes to produce electricity. “We have found that spoiled and damaged tomatoes...
CNNMoney.com  Mar 16  Comment 
Every year, the state of Florida throws out nearly 400,000 tons of tomato waste.
NPR  Mar 10  Comment 
The fight to improve wages and working conditions hit the national stage over the past week, both in a Bernie Sanders campaign video and Wednesday night's debate in Miami.




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