Agroinsurance

NEWS

India - Agriculture sector suffers a loss of Rs 110 crore in Kerala

09.05.2024 64 views

The task force assigned to inspect the crop damage due to the drought has completed its inspection in the state. The report prepared by the team will be forwarded to the Agriculture Minister within two days.

As per a preliminary estimate, crops worth Rs 110 crore have been damaged in the last two months due to soaring temperatures.

Meanwhile, further information on the total loss incurred due to crop damage can be ascertained only after receiving detailed reports.

The government plans to seek assistance from the Centre after determining the loss and crop damage. As a result of the depletion of multiple irrigation sources, significant harm has been inflicted upon major crops, including rice, bananas, vegetables, pepper, coffee, cocoa, cardamom, and more.

Source - https://english.mathrubhumi.com

EVENTS

2024 AgroInsurance International Conference: New Partners and Agenda updates

26.02.2024

2024 AgroInsurance International Conference will take place on June 3-5, 2024 in Belgrade, Serbia, at the Hyatt Regency Hotel. Planet Labs (USA) and GAF AG (Germany) are sponsors of our conference. Agremo (Serbia) has been confirmed as the Organization Partner. More partners and sponsors to be announced in March 2024.

RISK EVENTS

Spain - 30% of La Palma's banana production has already been lost due to the advance of the lava

14.10.2021

More than three weeks after the Cumbre Vieja volcano erupted, the lava that continues to flow from its interior continues to devastate everything in its path, destroying houses, infrastructure, and banana plantations. The production of Platanos de Canarias is the economic engine of the island, accounting for 50% of its GDP and 30% of the jobs on the island.

Brazil - Heavy rains so far, have made exporting table grapes unfeasable in this first semester

Persistent heavy rain in Brazil has seen table grape exports from the San Francisco River Valley suffer a serious reduction, with up to 80% of volumes affected since the start of the year. Producers have instead had to turn to the local market to prevent losses.

20.05.2024

Barbados - Monkeys menace pineapple farm

Devon Slater, a farmer in Orange Hill, Barbados, is experiencing significant financial losses due to monkeys raiding his pineapple farm. After six years of farming without incident, the primates recently started attacking his crop, consuming or damaging several fruits daily.

20.05.2024

Ukraine - Analysts look into impact of May frosts on blueberry and raspberry crops

EastFruit's analysts are diligently evaluating the extent of damage inflicted on fruit and vegetable crops by Ukraine's recent frost events. For an overview of the initial assessment, please refer to the first segment of our report. Notably, since May 9th this year, nocturnal temperatures have plummeted to as low as -8°C.

20.05.2024

Ukraine - Challenging start to the sweet cherry season in Kherson

SPP "Enogray" in Kherson is set to begin its sweet cherry harvest in late May. This year's crop has been significantly impacted by fluctuating temperatures, with those varieties that bloomed in colder weather facing poor fruit sets.

20.05.2024

Spain - The heat has given no respite and has caused the harvests to start one to two months earlier than planned

From October to April, the Canary Islands have been having record temperatures. In fact, with the exception of March, which offered a much-needed respite, and December, which was only the fourth warmest December on record, every month has been the warmest since data started to be recorded in 1961, with anomalies of up to 3.6 degrees Celsius above the average.

20.05.2024

India - Gale damaged banana crop in 500 acres in Tiruchy

The enumeration undertaken by the horticulture department to ascertain the actual extent of damage to banana cultivation from the recent gale that struck several parts of the district has put the figure at about 500 acres, said officials.

20.05.2024

USA - Economic cost of Harvey, Irma could be $290 billion

The combined economic cost of Hurricanes Harvey and Irma could reach $290 billion, equivalent to 1.5 percent of the U.S. gross domestic product, U.S. forecaster AccuWeather said in a report Sunday.

20.05.2024

India - Double trouble of drought & rain for farmers in Karnataka

The severe drought over the past year had plunged Karnataka’s farmers into deep distress, and just when the State government started disbursing compensation, heavy rain and winds are adding to their woes.