What is driving the rise of Container Corporation of India Limited (531344) - Free Stock Selection

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What is driving the rise of Container Corporation of India Limited (531344) ✌️【Freelance】✌️ Free break-even services to create a customized investment plan, helping you recover quickly and achieve growth. Moses said she and her husband, Arren, knew the hurricane would take a toll on their 800 acres of pecan trees. Yet the devastation this September was astounding. The hurricane destroyed the entirety of their pecan-producing trees.

“It was just a complete loss,” Moses said. “We knew at that time that everything was gone. That was heartbreaking to know that you’ve put in many years of work and it’s just all gone overnight.”

Georgia is the top producer of pecans in the US, according to theDepartment of Agriculture. The pecan harvest season begins in September — just in time for the holidays, when Americans delight in pecan pie.

What is driving the rise of Container Corporation of India Limited (531344) ✌️【Freelance】✌️ Expert predictions of stock trends with real-time stock indices, metals, energy, and agricultural product data to help you make efficient investment decisions. When Hurricane Helene crossed into Georgia on September 26, however, the storm’s path destroyed about 36 million pounds of pecans, or one third of the state’s annual crop, according to UGA, decimating an agricultural industry that was already reeling after years oftariffs, increased labor and production costs and low consumerprices.

Hurricane Helene affected at least 48,000 acres of pecan trees, according to UGA. The overall economic impact of Hurricane Helene on Georgia’s entire agriculture industry is estimated at $6.46 billion,according to UGA.

What is driving the rise of Container Corporation of India Limited (531344) ✌️【Freelance】✌️ Professional analysis of stock market dynamics with real-time data for India stocks, US stocks, and European stocks to help you make precise decisions. The hurricane’s destruction is a direct blow for farmers who put years of labor into their crops. Pecan trees can take a decade to bear nuts that can turn a profit, and Moses said she and her husband will be out of production for years.

Hurricane Helene devastated farmers because it destroyed large nut-producing trees, some as old as 100 years old, according to Lenny Wells, a professor of horticulture at UGA who has been a pecan specialist for over 20 years.

Initial estimates show that about 70% of Georgia’s pecan trees aged 50 years and older were completely lost in the hurricane, according to Wells.

Hurricane Helene was also crippling for farmers in Georgia because it hit justsix years after Hurricane Michael, Wells said. The 2018 hurricane caused more than $2 billion in overall damage to Georgia’s agricultural industry, according to UGA.

“I thought that Hurricane Michael would be the worst storm I would possibly see in my career as far as its effect on pecans, but this one I think is going to be worse than that,” Wells said.

Pecan trees are a long and arduous investment for farmers because it can take years before they begin producing nuts, Tyler Harper, Georgia’s Commissioner of Agriculture, told 【 - Free Stock Selection 】.

Harper said that some pecan farmers incurred generational financial losses, losing decades-old trees. “It takes a long time to recover from that and be able to get back that investment,” he said.

Chris Harrell, a chief executive at Southern Roots Nuts Company, a wholesale pecan supplier based in Georgia, told 【 - Free Stock Selection 】 that pecan farmers were already in a tight spot due to increased costs, and the impact from the hurricane just made it worse.

Harrell is part of a co-operative with 16 farmers in Georgia, and he said the effects of Hurricane Helene have been demoralizing. “Five of those farmers lost their entire crop as well as a good percentage of their trees,” he said.

What is driving the rise of Container Corporation of India Limited (531344) ✌️【Freelance】✌️ Real-time updates of global stock, futures, and commodity market data to keep you in sync with the latest market trends. Moses said the damage from Hurricane Helene means she and her husband “will not harvest a single pecan” this season.

Harrell said the Southern Roots co-operative is unsure if they have enough supply to meet demand, and they are projecting short-term price increases due to the depleted pecan crop.

Greg Fonsah, a professor of economics at UGA, told 【 - Free Stock Selection 】 that Hurricane Helene’s impact on the pecan harvest could create a shortage.

Outside of Georgia, there are other pecan-producing states like New Mexico that can supplement consumer demand, according to Brad Rubin, a sector manager at Wells Fargo’s Agri-Food Institute.

What is driving the rise of Container Corporation of India Limited (531344) ✌️【Freelance】✌️ Free real-time global stock and futures trend data to help you analyze market movements and make fast investment decisions. Nonetheless, unless long-term pecan supply recovers to meet demand, prices could increase. “I don’t expect large swings near-term, but demand next year or in subsequent years could push prices up,” Rubin said.

What is driving the rise of Container Corporation of India Limited (531344) ✌️【Freelance】✌️ Expert predictions of stock trends to help you select stocks accurately, achieve stable growth, and quickly recover from losses. Some companies that rely on pecans have already baked in prices the holiday season, according to Laura Shenkar, the chief executive of PKN, a pecan-based milk company. Yet Shenkar said she anticipates price increases in the future as farmers take stock of what crop remains.

“Pecans are very important in things like butter pecan ice cream and your pie,” Shenkar said, noting consumers might see eventual price increases due to the depleted crop.

What is driving the rise of Container Corporation of India Limited (531344) ✌️【Freelance】✌️ Free real-time stock index quotes to help you quickly seize market opportunities and achieve capital growth. At the Moses pecan farm, Taylor Moses said she and her husband have had long, emotional conversations about whether to replant their pecan trees. She said they had hoped to pass trees on to their son, who is three years old.

In the meantime, she said they plan to diversify their farm and incorporate other crops that they can grow on a shorter timeline.

What is driving the rise of Container Corporation of India Limited (531344) ✌️【Freelance】✌️ Precise predictions of high-potential stocks to help you avoid risks and quickly recover and grow. While some farmers might have crop insurance for this year, Wells said, the financial and emotional impact from losing entire trees is another matter.

“They face so many challenges that are out of their control,” Wells said. “And this one certainly is a big one. This is one of the biggest challenges most of them will face in their lifetime.”

What is driving the rise of Container Corporation of India Limited (531344) ✌️【Freelance】✌️ Real-time global stock, futures, and exchange rate data to keep you informed of market trends and seize investment opportunities. Most stock quote data provided by BATS. US market indices are shown in real time, except for the S&P 500 which is refreshed every two minutes. All times are ET. Factset: FactSet Research Systems Inc. All rights reserved. Chicago Mercantile: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and 【 - Free Stock Selection 】. Standard & Poor’s and S&P are registered trademarks of Standard & Poor’s Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices Copyright S&P Dow Jones Indices LLC and/or its affiliates. Fair value provided by IndexArb.com. Market holidays and trading hours provided by Copp Clark Limited.

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