The Australian horticultural sector faced challenges following Cyclone Alfred's impact in late February. The cyclone caused extensive damage, particularly affecting the northern coast of New South Wales, where strong winds toppled orchard trees and floodwaters inundated farmlands. As of March 17, damages were reported to be at least A$17 million ($11 million).

Australia's treasurer, Jim Chalmers, estimated a potential loss of up to A$1.2 billion ($760 million) to the nation's GDP, attributing this to business closures and an estimated loss of 12 million work hours. Chalmers noted that these losses might lead to "an upward pressure on inflation from building costs to damaged crops raising prices for staples like fruit and vegetables."

Insurance claims have been substantial, with 63,600 filed due to wind, storm-driven water damage, and food spoilage. The Insurance Council of Australia is prioritizing claims from New South Wales and Queensland. CEO Andrew Hall remarked on the prolonged recovery process, stating that the devastation "wasn't as significant as predicted."

The Climate Council highlighted the role of climate change in exacerbating Cyclone Alfred's impact, pointing to exceptionally high sea surface temperatures and increased cyclone intensity. The NGO also noted that cyclones are now tracking further south, affecting areas not built to withstand such conditions.

Source - https://www.freshplaza.com