Southeast Farm Press  6 hrs ago  Comment 
By Clint Thompson, University of Georgia Tomato yellow leaf curl virus has been a chronic threat to tomato production in south Georgia for more than a decade. read more
MarketWatch  May 22  Comment 
A blockbuster study published in the New England Journal of Medicine last month yielded rigorous evidence that a so-called Mediterranean diet, rich in olive oil, nuts, beans, fruits and vegetables, slashes the risk of heart problems in people at...
New York Times  May 14  Comment 
A focaccia that resembles a pizza.     
New York Times  May 13  Comment 
If you can get good tomatoes, this focaccia is a beautiful foretaste of summer.     
The Hindu Business Line  May 12  Comment 
Tomato arrivals may increase in the coming days and demand may also improve, said market experts.Fall in arrivals coupled with good domestic demand pushed tomato prices up by Rs 100-...
Clusterstock  May 7  Comment 
"Assault on Wall Street," a new movie from director Uwe Boll, hits theaters for limited release on Friday. Below is the synopsis, via Rotten Tomatoes: A security guard for an armored truck, Jim (Dominic Purcell), is a blue-collar New Yorker...
Southeast Farm Press  May 6  Comment 
By Brian Wallheimer, Purdue University Tomatoes grown around LED lights in the winter can significantly reduce greenhouse energy costs without sacrificing yield. read more
The Hindu Business Line  May 5  Comment 
Season demand in the coming days may push tomato market back into positive territory. Steady demand Heavy arrivals in the market coupled with steady domestic demand pulled tom...
guardian.co.uk  May 4  Comment 
Transported to Spain, BBC's MasterChef looks rather less fine. Plus where BBC 'talent' learned their bullying tactics The formats BBC Worldwide sells around the globe don't always seem quite the same in foreign parts. While MasterChef UK was...
Southeast Farm Press  May 3  Comment 
By Chris Bickers, Contributing Writer Muscadines, tomatoes making progress It was a very cold spring for North Carolina strawberries, and as a result it...




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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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