Chile generated 19.2% of its electricity with renewables in March with total production reaching 1,301 GWh, according to the latest report by the Chilean National Energy Commission (CNE). The renewables share in the March power mix decreased from 20.6% in February. Although March production levels were down by 0.6% month-on-month they grew by 9.5% in annual terms.
Day: April 23, 2020
Chile forecasts higher citrus production, but US market likely won’t be affected
Chile’s citrus production is forecast to be up this year. The mandarin category is forecasted to be up between 20-25%. These figures won't have a big impact in the US market because although they are much higher than in 2019, they’re actually comparable to the numbers of 2018, considered a recovery in volume rather than an increase.
Imports of Chilean kiwi fruit in North America decrease by 100,000 boxes
According to Chris Kagie of Western Fresh Marketing, the amount of kiwi sent up to week 14 from Chile to North America has now dropped by 100,000 boxes compared to shipments during the same period last year. Since Chile has implemented its own social distancing rules, production has slowed down; therefore, a small decline is expected.
Fuels drop for the seventh week in a row
For the seventh consecutive week and in the midst of the crisis caused by the Coronavirus, all fuels will register losses starting this Thursday, April 23. Thus, as reported by the National Petroleum Company (ENAP), "the calculation of the import parity price for this week results in a drop in the price of gasoline of 93 and 97 octane, as well as diesel, CH$ 6 per litre. "
Covid-19: Antofagasta cuts 2020 capital expenditure to less than $1.3bn
Copper mining firm Antofagasta has reduced capital expenditure for this year and noted that copper production would be at the lower end of its initial guidance due to the Covid-19 pandemic. The company is reducing spending for the year to less than $1.3 billion compared to an original plan of $1.5bn.
