Agroinsurance

NEWS

Serbia - Drought-related losses on fruit and vegetable crops could reach $550 million

30.08.2024 413 views

Serbia is experiencing a significant reduction in crop yields due to an ongoing drought, prompting earlier harvests, as reported by local media.

The drought has particularly affected the corn harvest, with experts forecasting a yield decrease of 16 to 20 percent.

Zarko Galetin, an agroeconomic analyst, compared this year's expected corn yield of 5 to 5.5 tons per hectare to last year's 7.2 tons.

Furthermore, Galetin estimated the drought's financial toll on fruit and vegetable crops to be around $550 million, considering market prices.

In response, the Serbian government is focusing on enhancing agricultural resilience through a $6.15 million investment in irrigation systems, as stated by Petar Samolovac, assistant secretary for Agriculture, Water Management, and Forestry in Vojvodina.

Source - https://www.freshplaza.com

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