Business

12:19pm

Thu March 12, 2015
Port Traffic

Weather closures cut Va. port container volume in February

NORFOLK, Va. (AP) — The Virginia Port Authority says container volume at the Port of Virginia fell by 1 percent in February because of weather-related closures.

The authority says five vessels carrying nearly 7,000 containers delayed entry from February to March because of snowstorms on Feb. 16 and Feb. 25.

If operations hadn't been interrupted, the authority says the port's container volume would be 5.8 percent ahead of 2014.

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11:34am

Wed March 11, 2015
McAuliffe-Cuba Trade

Gov. McAuliffe set to visit Cuba on trade mission

RICHMOND, Va. (AP) — Virginia Gov. Terry McAuliffe is set to head to Cuba later this year as part of an economic development and trade mission.

McAuliffe made the announcement on Tuesday at the Governor's Conference on Agricultural Trade in Richmond following remarks by Cuba's top diplomat in the U.S.

Media outlets report that the governor has five other economic development trips planned by the end of the year. He's looking to head to Cuba by the middle of the year, possibly in late spring.

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2:52pm

Mon March 9, 2015
Agricultural Imports

Va. farm, forest exports hit a record $3.35 billion in 2014

RICHMOND, Va. (AP) — Virginia's farm and forestry exports reached a record $3.35 billion in 2014, increasing by more than 14 percent from the previous year.

Gov. Terry McAuliffe released the export numbers Monday to start the two-day annual Governor's Conference on Agricultural Trade in Richmond. It was the fourth straight year Virginia has set a record for exports.

The top destination for Virginia farm and forestry products was China, which imported more than $691, followed by Canada at $279 million and Switzerland at $174 million.

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1:41pm

Tue March 3, 2015
Peanut Crop

Va. peanut growers topped US average crop yield

RICHMOND, Va. (AP) — Virginia peanut growers had a productive 2014.

The Virginia Department of Agriculture and Consumer Services says growers broke national records with a yield of 4,350 pounds per acre. That is based on data from the U.S. Department of Agriculture's National Agricultural Statistics Service.

The Virginia yield was several hundred pounds more than the national average yield.

Virginia growers credit several factors for their success, including improved seed varieties and longer rotations.

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1:39pm

Tue March 3, 2015
Virginia Trade

Virginia exports grow to $19.2 billion in 2014

RICHMOND, Va. (AP) — Exports of goods from Virginia to more than 230 destinations around the globe increased about 6 percent in 2014.

The Virginia Economic Development Partnership says exports rose to $19.2 billion last year, up from $18.1 billion in 2013.

Manufactured goods accounted for 79 percent of all Virginia merchandise exports in 2014, followed by agricultural exports and mineral fuel. Agricultural exports rose 16 percent to $2.9 billion.

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