Rail Paul Posted November 11, 2004 Share Posted November 11, 2004 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. Quote Link to post Share on other sites
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