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Tag Archives: demand

Demand waning, TVA won't ask to raise loan limit

NORTH MISSISSIPPI — The Tennessee Valley Authority won’t ask Congress to raise its borrowing cap for at least the next 10 years. The Chattanooga Times Free Press reports that the federal utility says it anticipates being able to reduce its net borrowing in the next two years and reduce its debt over a decade by $5 billion. That’s because the ...

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Sanderson outperforms Wall Street forecast

LAUREL — Sanderson Farms Inc. said today that its fiscal second-quarter net income rose 2 percent thanks to higher demand for poultry products. Its performance topped Wall Street’s view. Shares climbed in premarket trading. The poultry company earned $24.4 million, or $1.06 per share, for the three months ended April 30. That’s up from $23.9 million, or $1.04 per share, ...

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LNG facility hoping to begin exporting natural gas

PASCAGOULA — Big changes may be coming for Gulf LNG, the liquefied natural gas terminal that has two huge storage tanks on the horizon south of Pascagoula. The owners want to begin exporting natural gas. It would be quite the turnaround for the $1.1-billion terminal built more than two years ago to import the super-chilled gas from tankers, store it, ...

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Tire executives say plant needed to meet global demand

WEST POINT — Executives with Yokohama Rubber Co. Ltd. say they will build a new tire plant in Mississippi because they see a global supply shortage for tires. State and company officials gathered Monday at the Ritz Theater & Conference Center in West Point to celebrate the company’s plans to build a factory. Later, Gov. Phil Bryant and company officials ...

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State's cotton to make more room for corn in 2013

ACROSS MISSISSIPPI — Corn is the anticipated biggest winner and cotton the biggest loser as Mississippi producers shuffle commodity acres to take advantage of market conditions. The U.S. Department of Agriculture released its prospective plantings report March 28. In it, the state’s corn acreage is predicted to reach 1.05 million acres, a 28 percent increase from the 820,000 acres planted ...

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Index: Property values continued their rebound into 2013

OXFORD – The latest FNC Residential Price Index (RPI) indicates that U.S. property values continued to recover through January — the 11th consecutive month of rising prices. Despite the uneven pace of price gains across different geographical markets, there are clear signs that the housing recovery is increasingly widespread, according to the Oxford-based mortgage technology company. A limited housing supply ...

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State producers bullish on future of peanut crop

ACROSS MISSISSIPPI — Mississippi producers expect peanuts to remain a strong commodity in years to come with a steady global demand and new marketing opportunities. “The demand for peanuts will stay in place because of global economics and population,” said Mike Phillips, plant and soil sciences department head at Mississippi State University. “International markets rely on the United States for ...

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FNC index shows continuing rise in U.S. home prices

OXFORD — The latest FNC Residential Price Index (RPI) shows that the recovery of U.S. property values has continued through November — the ninth consecutive month of price gains driven largely by rising homes sales and moderate economic growth. An imbalance between rising demand and limited supply continues to be an important factor for sustained price momentum. While signs of ...

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State's pecan growers smiling over price, demand

ACROSS MISSISSIPPI — With prices and demand for the state’s pecans high, this year’s predicted average to above-average yield is good news for growers. The U.S. Department of Agriculture estimates the 2012 crop will yield 2.5 million pounds of pecans. While this yield is down significantly from the 5 million pounds harvested in 2011, it is more in line with ...

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Hood files suit, Pickering issues demand against supervisor

JACKSON — Attorney General Jim Hood has filed suit against Hinds County Supervisor Robert Graham, demanding he repay money state auditors say he earned double-dipping while on the clock at his former city job. Auditor Stacey Pickering’s office contends Graham, between 2004 and 2007 as a Jackson police spokesman and 911 dispatch supervisor, earned almost $46,000 operating his private business, ...

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