Commodities and Futures News

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

2023.08.28 16:19

2/2

© Reuters. FILE PHOTO: Horses wade through water in a flooded area affected by heavy rains that hit Chile’s central-south areas, in Cabrero, Chile, August 21, 2023. REUTERS/Juan Gonzalez/File Photo

2/2

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.

Source link

Related Articles

Back to top button
bitcoin
Bitcoin (BTC) $ 95,856.68 0.01%
ethereum
Ethereum (ETH) $ 2,687.20 3.52%
xrp
XRP (XRP) $ 2.48 2.68%
tether
Tether (USDT) $ 1.00 0.00%
bnb
BNB (BNB) $ 639.25 2.60%
solana
Solana (SOL) $ 159.12 5.75%
usd-coin
USDC (USDC) $ 1.00 0.01%
dogecoin
Dogecoin (DOGE) $ 0.230787 5.18%
cardano
Cardano (ADA) $ 0.733014 4.71%
staked-ether
Lido Staked Ether (STETH) $ 2,683.69 3.46%
tron
TRON (TRX) $ 0.248614 2.76%
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 95,681.64 0.09%
wrapped-steth
Wrapped stETH (WSTETH) $ 3,204.97 3.96%
chainlink
Chainlink (LINK) $ 16.64 5.66%
sui
Sui (SUI) $ 3.19 3.81%
stellar
Stellar (XLM) $ 0.320783 2.69%
avalanche-2
Avalanche (AVAX) $ 23.73 5.05%
litecoin
Litecoin (LTC) $ 123.48 2.39%
the-open-network
Toncoin (TON) $ 3.67 2.48%
leo-token
LEO Token (LEO) $ 9.49 2.33%
hedera-hashgraph
Hedera (HBAR) $ 0.21008 0.05%
shiba-inu
Shiba Inu (SHIB) $ 0.000015 4.68%
usds
USDS (USDS) $ 1.00 0.12%
mantra-dao
MANTRA (OM) $ 8.40 0.63%
weth
WETH (WETH) $ 2,684.21 3.67%
hyperliquid
Hyperliquid (HYPE) $ 22.01 7.10%
polkadot
Polkadot (DOT) $ 4.72 5.41%
bitcoin-cash
Bitcoin Cash (BCH) $ 312.11 4.60%
ethena-usde
Ethena USDe (USDE) $ 1.00 0.14%
bitget-token
Bitget Token (BGB) $ 4.87 3.22%
wrapped-eeth
Wrapped eETH (WEETH) $ 2,847.48 3.60%
uniswap
Uniswap (UNI) $ 8.50 6.09%
monero
Monero (XMR) $ 234.96 0.92%
whitebit
WhiteBIT Coin (WBT) $ 27.51 0.38%
near
NEAR Protocol (NEAR) $ 3.31 1.81%
pepe
Pepe (PEPE) $ 0.000009 3.98%
bittensor
Bittensor (TAO) $ 426.56 2.13%
aave
Aave (AAVE) $ 235.93 4.25%
dai
Dai (DAI) $ 0.999893 0.01%
ondo-finance
Ondo (ONDO) $ 1.08 3.07%
aptos
Aptos (APT) $ 5.77 5.40%
internet-computer
Internet Computer (ICP) $ 6.78 3.83%
official-trump
Official Trump (TRUMP) $ 15.13 4.88%
tokenize-xchange
Tokenize Xchange (TKX) $ 37.44 0.50%
ethereum-classic
Ethereum Classic (ETC) $ 19.83 3.75%
mantle
Mantle (MNT) $ 0.866875 4.97%
okb
OKB (OKB) $ 48.05 2.80%
gatechain-token
Gate (GT) $ 22.79 2.27%
susds
sUSDS (SUSDS) $ 1.04 0.30%
sonic-3
Sonic (prev. FTM) (S) $ 0.864894 6.84%