New York Times  May 24  Comment 
Based on a traditional Greek recipe, this dish requires much less olive oil and simmers for a shorter time.
New York Times  May 18  Comment 
This soup, easy to make, is derived from a traditional recipe that relies on stemmed spinach.
Sydney Morning Herald  May 15  Comment 
Joe El Boustani says he grows the "best cherry tomatoes in the world" at Rossmore in Sydney's west, but when he sells his farmland, now worth about $1 million, he cannot imagine where he will set up next.
International Business Times  May 10  Comment 
When it comes down to buying fresh greens, Australians are buying carrots, lettuce, potato and tomato, twice as much as any other vegetable. The data comes from a new quarterly report by Australian Vegetable Industry (AUSVEG).Chief Executive...
Sydney Morning Herald  May 7  Comment 
Katie Wall, actor and author of I Say Tomato
Southeast Farm Press  Apr 28  Comment 
Losses to tomato spotted wilt virus were an estimated 0.5 percent across the Southeastern U.S. this past year, the lowest level recorded since 1990.
Red Orbit  Apr 16  Comment 
Model based on solar radiation accurately predicts yieldsGrowing tomatoes is not always easy. In many parts of the world summers are too hot to grow tomatoes in greenhouses, even those with intricate cooling systems. In cooler climates where...
PR Newswire  Apr 15  Comment 
SAN ANTONIO, April 15 /PRNewswire/ -- To spread the word about NatureSweet® Cherubs® bite-sized tomatoes as the sweetest snacking tomato, NatureSweet Cherubs is teaming up with Radio Disney to support the network's new programming feature, "N.B.T.:
Wall Street Journal  Apr 14  Comment 
Auchan, the French hypermarket chain, reported a 9.1% drop in profit for 2009 as customers shunned the non-food aisles.
Red Orbit  Apr 6  Comment 
Image 1: These are some of the improved hybrid tomatoes grown at the Hebrew University. Credit: Hebrew University photo by Zak LipmanImage 2: This is Dr. Uri Krieger of the Hebrew University of Jerusalem and some of the hybrid tomato plants which...




RELATED WIKI ARTICLES
 
TOP CONTRIBUTORS


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. 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