Chile's GDP rose 0.4% year-on-year in the first quarter. Domestic demand fell by 2.6% in the first three months of the year, while the mining sector of the world's largest copper producer rose by 5.1%. The Central Bank predicts that the Chilean economy will shrink between 1.5 and 2.5% this year due to the pandemic, while the government estimates a fall of 2%.
For the first time, Chilean blueberry exports have not increased. In the 2019/20 season, exports of blueberries from Chile have slightly decreased since last season. In total, 133,650 tons were exported, which is 2% less than the 2018/2019 season's 137,100 tons. The reason for this is because last season the North American market imported more blueberries from Peru than Chile.
Franklin Mining Inc. has entered into a joint venture with Inversiones Mineras Scorpius Chile SpA. This agreement covers the joint effort to explore the Chilean Los Totems copper mine held by Ossandón and Inversiones Mineras Scorpius Chile SpA.
Enel has broken ground on the 60.9-MW Azabache Park solar power plant located on the grounds of Enel Green Power Chile’s 90-MW Valle de los Vientos wind farm. The company expects to invest some USD $49 million in the project, which will form part of the first hybrid industrial plant in the country.
In what will prove to be a boost to Chile’s citrus producers, China’s general administration of customs (GAC) has issued the protocol on phytosanitary requirements for Chilean fresh citrus exports to China. An export agreement between the two countries was signed in December 2019, and according to China’s customs service, the first consignment has been approved for export.