Sydney Morning Herald  Nov 7  Comment 
NSW Health has warned against eating uncooked semi-dried tomatoes because of feared links with hepatitis A.
Sydney Morning Herald  Nov 7  Comment 
People are being warned against eating uncooked semi-dried tomatoes after evidence emerged of a possible link with hepatitis A, NSW Health says.
Red Orbit  Nov 4  Comment 
Breeders can enhance nutritional value using inexpensive colorimeter methodCarotenoids, the family of yellow to red pigments responsible for the striking orange hues of pumpkins and the familiar red color of vine-ripe tomatoes, play an important...
PR Newswire  Nov 4  Comment 
NEW YORK and LOS ANGELES, Nov. 4 /PRNewswire/ -- The Three Tomatoes.com and In the Trenches Productions.Com have launched an internet radio show "Tomatoes in the Trenches" (www.tomatoesinthetrenches.com) on
International Business Times  Nov 3  Comment 
Australia\'s leading semi-dried tomato producers are adamant that their product is safe despite warnings from Victoria\'s Department of Human Services (DHS) about a potential link to hepatitis A. Victorian health authorities said that loose...
Sydney Morning Herald  Nov 2  Comment 
Victorian officials have renewed warnings over links between semi-dried tomatoes and an outbreak of hepatitis A following a further 23 cases in the past week.
Sydney Morning Herald  Oct 22  Comment 
A 17-year-old boy in the US has been charged with a misdemeanour after police said he put tomato sauce on his arms and faked his suicide on a live video website.
Sydney Morning Herald  Oct 22  Comment 
TechCrunch  Oct 22  Comment 
Today, CNN has invited a number of journalists to One Time Warner Center in New York City to witness a preview of the new CNN.com homepage (they're calling the event "The Unveiling"). The site serves as one of the Internet's most popular news...
Red Orbit  Oct 21  Comment 
Image Caption: Tomato seeds exposed to carbon nanotubes (right) sprouted and grew faster than unexposed seeds (left). Credit: The American Chemical Society
Bloomberg  Oct 21  Comment 
Is pizza worth the trip to Brooklyn?
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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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