agriculture

Chilean Economy Shows Signs of Growth, Exports Boosted, and Natural Phenomena in Indonesia

The Indonesian-Chilean Chamber of Commerce and Culture highlights a series of events that have marked the economic, cultural, and natural landscape of both countries in the past week.

Chile has been granted permission to export poultry meat and by-products to Paraguay, as reported by La Tribuna. This is a significant milestone for the Chilean poultry industry, opening a new market and fostering stronger economic ties between the two nations.

Simultaneously, the Organization for Economic Cooperation and Development (OECD) has raised its growth projection for the Chilean economy to 2.3% in 2024, a half percentage point increase from the 1.8% estimate in November last year. The Paris-based organization attributes this positive adjustment to a recovery of real wages, aided by falling inflation and more flexible financial conditions. The OECD also projects that inflation will continue to decrease and converge to a 3% target by mid-2025.

In the agricultural sector, exports of cherries to China increased by 16% in the 2023-2024 season, reaching a record US$ 2.260 billion, according to data from ProChile's Department of Market Intelligence. This notable increase demonstrates the robustness of Chile's agricultural sector and its ability to navigate the international market successfully.

Meanwhile, in Indonesia, the remote Mount Ruang volcano erupted multiple times, triggering the highest level of alert and the evacuation of thousands of people due to the threat of a tsunami from debris sliding into the sea. This natural event has drawn international attention to Indonesia and its volcanic activity.

The Indonesian-Chilean Chamber of Commerce and Culture continues to monitor these developments closely, recognizing their potential to shape the economic and cultural ties between the two nations.


Source:
  • Chile obtuvo habilitación para exportar carne y subproductos de aves a Paraguay | La Tribuna (Latribuna.cl)
  • OCDE eleva proyección de crecimiento de economía chilena al 2,3% en 2024 (Lanacion.cl)
  • VIDEO: La espectacular imagen de rayos volcánicos en la erupción del Monte Ruang en Indonesia (Lanacion.cl)
  • OCDE eleva la proyección de crecimiento para Chile al 2,3% en 2024 - Radio Santiago (Eldiariodesantiago.cl)
  • Exportaciones de cerezas a China aumentaron 16% en temporada 2023-2024: Alcanzó US$ 2.260 millones - Radio Agricultura (Radioagricultura.cl)
  • Exportaciones, cambio climático y alza en los costos. Por Camilo Cornejo Orellana, Ingeniero Agrónomo Académico Ingeniería Comercial Universidad Andrés Bello – G5noticias (G5noticias.cl)

Chile-Indonesia Trade and Agriculture News: Blueberry Workshop, Copper Foundry Investment, Tariff Reduction, and More

The Chilean-Indonesian Chamber of Commerce and Culture highlights several key developments in bilateral trade, agriculture, and mining sectors between Chile and Indonesia this week.

The Chilean Blueberry Committee is set to organize a Technical Workshop titled "Efficiency in nutrition and irrigation during post-harvest" on March 27, 2024, at Agrícola Sauerburger. The workshop, which will feature a presentation by José Ignacio Covarrubias, aims to improve post-harvest practices in the blueberry industry.

On the mining front, Adani's copper foundry is set to require Chilean concentrates as part of its US$1.2 billion investment. This development is expected to boost Chile's copper exports and strengthen the bilateral trade relationship between Chile and Indonesia.

Furthermore, India's decision to reduce import duties on Chilean blueberries has been warmly welcomed by Chilean exporters. This move is anticipated to spur Chilean blueberry exports and contribute to the growth of the country's fruit industry.

Meanwhile, the total exports from Biobío have grown by 1.7% in 2023, despite a national decrease of 3.7%. This growth underscores the region's resilience and its significant contribution to Chile's economy.

Chile's fruit industry continues to thrive, with fruit-growing hectares reaching 375,600 hectares by the end of 2022. Over the last decade, the industry expanded by over 76,000 hectares, with cherry plantations leading the growth.

Lastly, Chile has made its presence felt at the world's largest mining fair in Canada, seeking investors and promoting its lithium and copper production. Chile's Minister of Mining, Aurora Williams, emphasized the country's position as a global leader in mineral reserves and its intent to advance in polymetallic mining through public-private partnerships.


Source:
  • Comité de Arándanos de Frutas de Chile invita a Taller Técnico “Eficiencia en la nutrición y riego durante la postcosecha” – Simfruit (Simfruit.cl)
  • Fundición de cobre de Adani de US$ 1.200 millones de inversión requerirá concentrados de Chile (Redimin.cl)
  • India reduce aranceles a los arándanos chilenos | Artículo (Eldemocrata.cl)
  • Exportaciones totales del Biobío crecen en 1,7% en 2023, mientras que a nivel nacional disminuyeron en 3,7% | La Tribuna (Latribuna.cl)
  • Chile: Hectáreas frutícolas llegan a 375.600 hectáreas – Simfruit (Simfruit.cl)
  • Chile llega a la mayor feria minera mundial en Canadá para buscar inversionistas y promover el litio y cobre (Reportediario.cl)

Weekly News Report: Economic and Social Developments in Chile and Indonesia

The Indonesia Chile Chamber of Commerce and Culture is closely monitoring the recent economic and social developments in both countries. Here are the major headlines for the week:

Exports in Maule Region Contract by 16.1% in October 2023

According to the National Institute of Statistics (INE), the Maule Region experienced a contraction of 16.1% in exports in October 2023, reaching a total of USD 180.3 million. The industrial sector remains the region's major exporter, with food being the most significant segment within this sector.

Nickel Plant Explosion in Indonesia Claims 13 Lives

An unfortunate accident occurred at a nickel plant in Indonesia, claiming at least 13 lives. A flammable liquid caught fire during boiler repair works causing a deflagration that led to the explosion of nearby oxygen tanks. Our thoughts are with the victims and their families.

Chilean Fruit Gains Popularity in China

In positive news for Chilean exports, the country's fruit has been gaining popularity in the Chinese market. The Frutas de Chile brand is making strides in the market, particularly with peaches and apricots. This development strengthens Chile's position as one of the few countries whose entire fruit basket is approved for entry into China.

Chilean Vineyards Abandoned Amidst Falling Wine Sales

Global wine consumption has taken a hit, leading countries like Chile to abandon vineyards. Some, like Viña Santa Rita, are even considering complete removal of their vineyards.

Tarapacá Region: Export Value Increases by 42% in October 2023

Contrasting the situation in the Maule Region, the Tarapacá Region saw a 42% increase in export value in October 2023, reaching USD 524.7 million. However, the accumulated variation showed a 2.7% decrease compared to the same period last year.

Chile-Argentina Trade Relations Post Milei's Victory

Despite the recent change in Argentina's government, Chile's trade relations with its neighbor remain steady. The two countries share a high degree of complementarity in their economies, and their trade relations are governed by two international treaties that are not easily violated.


Source:
  • Región del Maule: Exportaciones se contraen 16,1% en octubre de 2023 - PortalPortuario (Portalportuario.cl)
  • Indonesia: al menos 13 muertos en una explosión en una planta de níquel (Telam.com.ar)
  • "Chile es uno de los pocos países donde toda su fruta está aprobada para el ingreso a China" (Elmaucho.cl)
  • Chile abandona viñedos ante caída de ventas (Eldemocrata.cl)
  • Región de Tarapacá: Valor de exportaciones crece 42% en octubre de 2023 - PortalPortuario (Portalportuario.cl)
  • El comercio de Chile con Argentina luego del triunfo de Milei (Elmostrador.cl)

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