Sydney Morning Herald  Jan 23  Comment 
WHAT started off as a casual weekend drive to Dromana to look for some tomato seeds ended up as a leisurely lunch that will long be remembered for its wow factor.
guardian.co.uk  Jan 19  Comment 
Sainsbury's says its new tomato cartons will reduce packaging and carbon emissions, but critics warn the move may also increase landfill Tinned tomatoes are one of the most popular staple ingredients in our store cupboards, handy for whipping...
Clean Energy Sector  Jan 19  Comment 
The more I learn, the less I know. Despite my fifteen years creating policies and watching the execution of sustainable sourcing by 10,000 culinarians working in a food business that puts ethics first, that’s how I feel about our exploration of...
The Economist  Jan 15  Comment 
I'VE just been reading about Sirco, a new fruit juice containing “Fruitflow”. This is a tomato extract that apparently "smoothes" the platelets in your blood, making them less likely to get jammed in a blood vessel and so less likely to form a...
Red Orbit  Jan 14  Comment 
Weizmann Institute scientists unravel the genetic secrets of a pink tomatoFar Eastern diners are partial to a variety of sweet, pink-skinned tomato. Dr.
guardian.co.uk  Jan 11  Comment 
An easy spicy turmeric-spiked stew to warm your winter days So there I was waiting on Howard (an occupational occasional occurence) to decide if and when we might go to the plot for our first visit together this year, when thoughts of a quick...
New York Times  Jan 5  Comment 
farmers in central and southern Florida were bracing for freezing temperatures overnight that could damage orange, strawberry and tomato crops.
Wall Street Journal  Jan 4  Comment 
Movie social-network site Flixster bought the movie-ratings site Rotten Tomatoes from News Corp.'s IGN unit. Terms weren't disclosed but IGN will get a minority stake in Flixster.
The Economic Times  Dec 22  Comment 
Chataka Pataka Tangy Tomato Snacks happens to be all over Gujarat - present in almost every paan shop and organised retail outlet, but with no jumbo billboards screaming its delights.
Red Orbit  Dec 9  Comment 
Better horses, redder tomatoesThis is not a newly-recognized phenomenon. Indeed, it has been exploited to breed better horses, redder tomatoes, more nutritious rice, and salmon that can thrive in fish farms, to mention but a few examples.New...



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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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