Although it is the season, we cannot observe the expected decrease in the price of tomatoes and cucumbers in the markets. At present, it is impossible to find tomatoes cheaper than three manats and cucumbers cheaper than two manats in the markets. But why are the prices of tomatoes and cucumbers still burning?
The price is determined by supply and demand
According to Vugar Huseynov, head of the Department of Public Relations and Information Assurance of the Ministry of Agriculture, the prices are determined by supply and demand in the market. The mass production of vegetables and the introduction of natural products to the market begins in May. After that, we can see stabilization in prices.
Local tomatoes will be released to the market in June
Elmar Allahverdiyev, Chairman of the Management Board of the Public Legal Entity Scientific-Research Institute of Vegetables, also stated that the season is starting. However, the changeable weather has its effect on the market access of the product: “This period is always the end of the winter season and the beginning of the summer season. Many vegetables will be ripe already in May. Tomatoes grown in open fields will also be marketed in June. Therefore, we can say that the season is starting. Many vegetables have been planted since the beginning of February. It is the average duration of their vegetation. It is also affected by global climate changes. The weather was hot in February. These climatic conditions also have a negative effect on plants.”
According to E.Allahverdiyev, it is more correct to wait for the period when these vegetables are mass-grown to see the price reduction: “Since May, many vegetables enter the market more often, and the prices become cheaper.”
Water scarcity also affects the price
Economist Rauf Garayev noted that the factors influencing the price of vegetables are the low water level and improper irrigation: “Looking at the weather, we see that it is not stable. The weather has warmed up only in the last week, that is, it is at the limit of 30 degrees. In addition, there are also difficulties in the irrigation system. Due to heavy rainfall in neighboring countries, rivers overflowed their source, but we do not observe such cases. Therefore, there was not enough precipitation, so the rivers are not full of water. Precipitation above or below normal, both of which are not considered acceptable for agriculture. Too much water leads to floods and destruction of crops, while too little leads to drought and low yields. The fact that water basins are few and that water is not used sparingly, and that the same amount of water is not given to agricultural fields, does not allow products to become cheaper. I believe that the price of these products will stabilize in the market from the middle of May.”
New products do not meet our needs
Farmer Anar Abbasov attributed the price increase observed this year to some factors: “Cucumbers were planted in abundance last year. Farmers suffered losses. Last year, they also planted less this year because tomatoes were expensive. In greenhouse cultivation, there are first and second rotation crops. At present, the first crop cycle is over, and the crops of the second cycle are just starting to emerge. They are still very few. Newly released products are not able to meet the demand of our country. Tomatoes are also sent to Russia. Because only Iran cannot supply Russia with tomatoes.”
Although cucumbers will become cheaper, tomatoes will become more expensive
According to the farmer, the increase in price will continue for several days, but we will be able to observe price reductions already in May: “The price of cucumbers will decrease in early May. The price of tomatoes may rise in the first decade of the month. But after that, the price of tomatoes will decrease. In the coming days, the average price of cucumber will be 1.2 manats. On the contrary, the price of tomatoes will increase. In the coming days, the price of Salyan tomatoes will rise to four manats, and Baku tomatoes will be sold even more expensive.” (“Kaspi” newspaper)
From this date, tomatoes will become cheaper – 2024-05-07 18:44:22
Exploring the Possibility: Private Equity Firms Eye Potential Peloton Acquisition, CNBC Reveals
Private Equity Firms Eyeing Peloton Buyout Amid Financial Struggles
A recent report by CNBC revealed that several private equity firms are contemplating a potential buyout of Peloton, the popular connected fitness company. This move comes as Peloton seeks to restructure its debt and revitalize its growth trajectory following 13 consecutive quarters of financial losses.
Early market response to this news was positive, with shares of Peloton surging by 13% during early trading hours.
Peloton's Consideration of Going Private
According to sources familiar with the matter, Peloton, headquartered in New York, has engaged in discussions with at least one private equity firm in recent months regarding the possibility of transitioning to a private entity. However, a Peloton spokesperson declined to comment on these speculations.
The company's decision-making has been further complicated by the recent departure of CEO Barry McCarthy and the announcement of workforce reductions aimed at cost-cutting measures in response to disappointing financial performance.
Challenges Faced by Peloton
Peloton's financial woes stem from declining demand for its stationary bikes and treadmills, despite implementing price reductions to stimulate sales. This resulted in lower-than-expected revenue for the third quarter and prompted a downward revision of the company's full-year forecast.
While Peloton has attracted interest from multiple private equity firms as a potential acquisition target, the extent of formal discussions remains uncertain.
Industry Insights and Future Prospects
As the fitness equipment market continues to evolve, Peloton's strategic decisions and financial performance will be closely monitored by industry analysts and investors. The company's ability to navigate these challenges and capitalize on growth opportunities will be critical in determining its long-term success.
For more information on this developing story, stay tuned for updates.
Reporting by Kannaki Deka in Bengaluru; Editing by Shinjini Ganguli and Devika Syamnath
Exploring the Possibility: Private Equity Firms Eye Potential Peloton Acquisition, CNBC Reveals
Microsoft Shuts Down Game Developers Without Warning: Tango Gameworks, Arkane Austin, and More Impacted
Microsoft today (7th) shut down a number of game developers without warning, including Hi-Fi Rush developer Tango Gameworks, Redfall developer Arkane Austin, and many others A studio owned by ZeniMax Media, it is making a scale modification little development resources.
According to foreign media IGN, citing an internal letter written to employees by Matt Booty, head of Xbox Game Studios, the organizational restructuring is called a “reorganization of game and development resources” and Microsoft wants to focus on “high-impact companies.” Game Project” helps Bethesda further nurture the masterpieces it has developed over the years and the game world that players love.
After the dissolution of Arkane Austin, some team members will join other studios and assist Bethesda projects; and after the dissolution of Tango Gameworks, Microsoft guaranteed that “Perfect Sound Wave” will continue to provide services on the platform.
pic.twitter.com/KhhqgR902g
— Tango Gameworks (EN) (@TangoGameworks) May 7, 2024
In addition to the two well-known studios mentioned above, Alpha Dog, which developed the mobile game “Doom” “Mighty Doom”, will close, and Roundhouse Games will be merged into “The Elder Scrolls Online” developer ZeniMax Online , although Microsoft does not reveal how many employees will lose their jobs, probably this wave of consolidation will cause a large number of employees to be fired.
As for the first inverted vampire co-op shooter “Bloodline”, it hasn’t even had a ticket for a year since its release Since Microsoft has terminated all its development, the previously promised updates will not stop this game hosts online servers for play, and Players who purchase DLC will receive “preferential” compensation.
Register here to receive details on how eligible players can receive this credit. pic.twitter.com/69Os17kpQ8
— Arkane Studios (@ArkaneStudios) May 7, 2024
On the other hand, there are several studios that have not been affected, such as Arkane Lyon, responsible for developing the new work of Marvel “Blade Warrior”, MachineGames, responsible for “Indiana Jones: The Ancient Circle”, and id Software, developer of the Untitled “Doom” series.
Although Bethesda Game Studios (Bethesda), developer of “Destination”, “The Elder Scrolls” and “Star Sky”, has survived, a few members of the publishing and enterprise teams will face layoffs.
Matt Booty said in the letter that Bethesda remains a key pillar of Xbox, with a strong and exciting game portfolio and a thriving community.
When notifying employees whose work has been affected, the company will also provide full support and resignation rights in accordance with legal provisions, and requires everyone to treat departing colleagues with respect and compassion.
“I recognize that these changes will also cause confusion for the teams at Bethesda and ZeniMax committed to bringing games to market, but we have to make these difficult decisions to free up resources for invest in other products, and focus on priority projects.”
#Microsoft #shuts #Arkane #Austin #Tango #game #development #studios #4Gamers
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