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) $ 104,644.04 0.35%
ethereum
Ethereum (ETH) $ 3,312.35 0.72%
xrp
XRP (XRP) $ 3.09 1.25%
tether
Tether (USDT) $ 1.00 0.03%
solana
Solana (SOL) $ 253.74 0.09%
bnb
BNB (BNB) $ 679.32 1.60%
usd-coin
USDC (USDC) $ 1.00 0.00%
dogecoin
Dogecoin (DOGE) $ 0.349801 0.94%
cardano
Cardano (ADA) $ 0.97089 2.10%
staked-ether
Lido Staked Ether (STETH) $ 3,307.91 0.60%
tron
TRON (TRX) $ 0.254272 0.47%
chainlink
Chainlink (LINK) $ 25.22 2.00%
avalanche-2
Avalanche (AVAX) $ 35.29 1.05%
wrapped-steth
Wrapped stETH (WSTETH) $ 3,951.39 0.04%
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 104,416.98 0.19%
stellar
Stellar (XLM) $ 0.430558 0.44%
sui
Sui (SUI) $ 4.19 3.61%
the-open-network
Toncoin (TON) $ 5.06 1.59%
hedera-hashgraph
Hedera (HBAR) $ 0.327324 0.01%
shiba-inu
Shiba Inu (SHIB) $ 0.00002 1.38%
weth
WETH (WETH) $ 3,313.55 0.57%
polkadot
Polkadot (DOT) $ 6.30 1.07%
leo-token
LEO Token (LEO) $ 9.69 0.21%
litecoin
Litecoin (LTC) $ 118.45 1.97%
bitget-token
Bitget Token (BGB) $ 7.42 3.01%
bitcoin-cash
Bitcoin Cash (BCH) $ 429.76 1.78%
hyperliquid
Hyperliquid (HYPE) $ 22.77 2.13%
uniswap
Uniswap (UNI) $ 12.46 2.72%
usds
USDS (USDS) $ 1.00 0.20%
wrapped-eeth
Wrapped eETH (WEETH) $ 3,503.84 0.42%
pepe
Pepe (PEPE) $ 0.000015 2.18%
official-trump
Official Trump (TRUMP) $ 30.47 13.27%
near
NEAR Protocol (NEAR) $ 4.97 0.73%
ethena-usde
Ethena USDe (USDE) $ 1.00 0.10%
aave
Aave (AAVE) $ 334.31 1.15%
aptos
Aptos (APT) $ 8.19 2.25%
ondo-finance
Ondo (ONDO) $ 1.39 2.05%
internet-computer
Internet Computer (ICP) $ 9.03 2.75%
ethereum-classic
Ethereum Classic (ETC) $ 27.41 5.35%
whitebit
WhiteBIT Coin (WBT) $ 28.52 1.28%
monero
Monero (XMR) $ 221.17 0.17%
mantle
Mantle (MNT) $ 1.17 5.91%
vechain
VeChain (VET) $ 0.047613 3.11%
crypto-com-chain
Cronos (CRO) $ 0.138035 1.30%
jupiter-exchange-solana
Jupiter (JUP) $ 0.844675 5.66%
polygon-ecosystem-token
POL (ex-MATIC) (POL) $ 0.431482 2.40%
dai
Dai (DAI) $ 1.00 0.00%
render-token
Render (RENDER) $ 6.86 2.50%
mantra-dao
MANTRA (OM) $ 3.50 4.40%
kaspa
Kaspa (KAS) $ 0.131683 0.24%