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CBS Marketwatch has an article today about the rapid spike in tomato prices. Many fast food restos are reshaping their menus to promote tomato-less items.

 

NEW YORK (CBS.MW) -- Record-high prices for tomatoes threaten to squeeze earnings at U.S. fast-food restaurant chains, where they're a major ingredient in burgers, sandwiches and salads.

 

This season's tomato harvest has been battered by series of calamities reminiscent of the Old Testament -- hurricanes in Florida, floods in California and pestilence in Mexico.

 

A 25-pound crate of tomatoes is selling for $24, more than triple last year's $7 average price, and freight costs push the cost to about $30 a crate. With restaurants loathe to pass those costs on to consumers, a number of companies may see their bottom lines diced by rampant tomato-price inflation.

 

Tomato crops in south FL look OK, so the prices should begin to settle when they go to harvest in 4-6 weeks.

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