Chile Central Bank to suspend measures to alleviate impact of pension withdrawal

Chile's central bank said it would suspend measures it had adopted to mitigate the impact of the partial withdrawal of pension funds that began in July. Policymakers had previously warned of liquidity risks and market volatility after Chile's Congress in July passed a law that allowed Chileans to withdraw 10% of their savings from Chile's private Pension Fund Administrators (AFP).

APQA approves entry of Chilean Hass avacados in South Korea

The Chilean Minister of Agriculture, Antonio Walker, announced that the South Korean health authority, the Animal and Plant Quarantine Agency (APQA), has approved the entry into that market of Chilean fresh Hass avocados. The Minister stressed that “this is very good news for our avocado producers, since we are now at a very good time of the season. A couple of steps are still needed, like sending a list of those interested in exporting avocados to South Korea, in addition to waiting 30 days for the start of shipments, but we would already be in a position to start by late October.”

Chile leads South America’s black truffle production

The Chilean black truffle, a mushroom that is highly appreciated in international cuisine and that can cost up to $700 per kilo, which is why it is known as 'black gold', grows between the regions of Maule and Ñuble, in the south of Chile. Chile produces nearly 1,200 kilos of black truffles a year, making it the leading producer in South America. Black truffles are exported to countries such as France, Italy, Japan, and England. However, truffle sales fell by as much as 50% during the months of the pandemic.