BUSINESS BRIEFS
Production of milk, eggs down
By Advertiser Staff and News Services
Hawai'i milk production fell 23 percent to 3.7 million pounds in February from a year ago, according to the National Agricultural Statistics Service. Cumulative milk production for the first two months of 2007 was down 20 percent from the same period in 2006.
Hawai'i egg production fell 19 percent to 6.4 million in February compared with February 2006.
Hawaii commercial pork production during February dropped 8 percent to 254,000 pounds compared with February 2006. Cumulative pork production during the first two months of 2007 also fell 8 percent.
ENTREPRENEURS, KIM HONORED
The Hawai'i Island Chamber of Commerce will honor the winners of the 2007 U.S. Small Business Administration's Small Business Awards at a luncheon Monday at the Naniloa Volcanoes Resort.
The luncheon will be from 11 a.m. to 12:30 p.m. in the resort's Kilohana Room. The cost is $30 for chamber members and $35 for others.
The chamber also will honor Big Island Mayor Harry Kim for being nominated for the national Phoenix Award for Outstanding Contributions to Disaster Recovery by a Public Official. Kim was one of two finalists for the award, which went to Mayor Tommy Longo of Waveland, Miss.
Gov. Linda Lingle will be the luncheon's keynote speaker. To register on the Big Island, call 935-7178 or e-mail admin@hicc.biz.
CRUDE OIL UNDER $62 A BARREL
NEW YORK — The price of crude oil fell nearly $3 and settled below $62 a barrel yesterday on a supply glut at a key U.S. delivery point as geopolitical tensions loomed.
An oversupply at the storage hub in Cushing, Okla., had a disproportionate effect on prices, said Citigroup Global Markets energy analyst Tim Evans. Light, sweet crude for May delivery fell $2.77 to settle at $61.51 a barrel in electronic trading on the New York Mercantile Exchange.
