By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
IndebtaIndebta
  • Home
  • News
  • Banking
  • Credit Cards
  • Loans
  • Mortgage
  • Investing
  • Markets
    • Stocks
    • Commodities
    • Crypto
    • Forex
  • Videos
  • More
    • Finance
    • Dept Management
    • Small Business
Notification Show More
Aa
IndebtaIndebta
Aa
  • Banking
  • Credit Cards
  • Loans
  • Dept Management
  • Mortgage
  • Markets
  • Investing
  • Small Business
  • Videos
  • Home
  • News
  • Banking
  • Credit Cards
  • Loans
  • Mortgage
  • Investing
  • Markets
    • Stocks
    • Commodities
    • Crypto
    • Forex
  • Videos
  • More
    • Finance
    • Dept Management
    • Small Business
Follow US
Indebta > Markets > Commodities > Chile heavy rains likely caused over $1 billion in agriculture losses
Commodities

Chile heavy rains likely caused over $1 billion in agriculture losses

News Room
Last updated: 2023/08/28 at 4:24 PM
By News Room
Share
2 Min Read
SHARE

SANTIAGO (Reuters) – Heavy rains in Chile’s central south farming region last week may have caused at least $1 billion in losses, according to estimates by authorities and the industry.

The extreme weather conditions led the government to declare a state of catastrophe last week as dangerous rains pounded isolated communities and at least three people dead.

The government of President Gabriel Boric issued last week an agricultural emergency for 100 municipalities, approving some $8.3 million to replace irrigation infrastructure, canal systems and other aid measures for farmers, who called for more help.

“We are talking about damage of more than $1 billion,” the president of the National Agricultural Society (SNA), Antonio Walker, said at a press conference after meeting with Chilean Agriculture Minister Esteban Valenzuela on Monday.

“There is damage to small, medium and large farmers, producers that supply the local market and also a lot of orchards that are dedicated to export,” he added.

Aside from damage to irrigation systems and riverside areas, there were also losses of fruit and vegetable orchards and fodder for animals, Valenzuela told reporters.

Besides being a top exporter of , the South American nation is also a strong agricultural and forestry exporter with shipments of fresh fruit and nuts, pulp, wine and wood.

Walker said that urgent measures needed to be taken before the arrival of the southern spring in September, when certain crops are irrigated.

Farmers also now fear that the El Niño weather phenomenon, which has brought heavy rains to central Chile after years of water scarcity, could cause further instability in the coming spring months.

Read the full article here

News Room August 28, 2023 August 28, 2023
Share this Article
Facebook Twitter Copy Link Print
Leave a comment Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Finance Weekly Newsletter

Join now for the latest news, tips, and analysis about personal finance, credit cards, dept management, and many more from our experts.
Join Now
‘Fire’ is now the greater threat to investors than ‘ice’

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects…

Brussels pushes schools to serve ‘made in Europe’ fruit and vegetables

Stay informed with free updatesSimply sign up to the Agriculture myFT Digest…

Brussels moves to placate Paris over South American trade deal

Stay informed with free updatesSimply sign up to the EU trade myFT…

Trump reaps $50bn tariff haul as world ‘chickens out’

America’s trading partners have largely failed to retaliate against Donald Trump’s tariff…

Trump’s immigration and tariffs policies: How homebuilders are feeling the impact

Watch full video on YouTube

- Advertisement -
Ad imageAd image

You Might Also Like

Commodities

Russia mulls extra tax for some commodities exports, including metals – sources

By News Room
Commodities

Gold prices tumble as Fed talks higher rates

By News Room
Commodities

Crude oil prices endure downturn amid U.S. interest rate hike anticipation

By News Room
Commodities

China approves export licences for chip materials gallium, germanium

By News Room
Commodities

European energy crisis: ECB, IEA and EIB to strategize on systematic transition amid soaring prices

By News Room
Commodities

Federal Reserve interest rate signals prompt oil price dip

By News Room
Commodities

Oil prices inch closer to $100 per barrel amid inflation concerns

By News Room
Commodities

Brent Crude Prices May Hit $120 per Barrel, Warns JPMorgan

By News Room
Facebook Twitter Pinterest Youtube Instagram
Company
  • Privacy Policy
  • Terms & Conditions
  • Press Release
  • Contact
  • Advertisement
More Info
  • Newsletter
  • Market Data
  • Credit Cards
  • Videos

Sign Up For Free

Subscribe to our newsletter and don't miss out on our programs, webinars and trainings.

I have read and agree to the terms & conditions
Join Community

2023 © Indepta.com. All Rights Reserved.

Welcome Back!

Sign in to your account

Lost your password?