According to iQonsulting's 2020-2021 Blueberry Yearbook, Chile exported more than 20,000 tons of organic blueberries in the previous campaign, a record volume that was 35% higher than the volume it exported in the 2019-2020 campaign. This growth is associated with the entry into force of the System Approach in the Ñuble and Biobio regions, which would be responsible for the large increase in organic exports as its exports increased by 148% going from 2,900 tons in the 2019/20 campaign to 7,182 tons in the 2020/21 campaign.
The third withdrawal of 10% of pension funds has already registered 5.2 million applications and payments of $3.684 billion as of last Friday, according to data from the Superintendency of Pensions. Of the total number of applications, 1.9% have been rejected.
The Internal Revenue Service (SII) received as at 18.00 hours on Saturday over 384,000 applications for the Solidarity Loan amounting to Ch$160.38 billion ($230.63 million). The loan has a real rate of 0 and can be applied for up to 3 times, once a month (continuous or discontinuous) until October 2021.
Chile recorded a $2.04 billion trade surplus in April. The positive balance is mainly due to copper sales, which on Friday surpassed the historic barrier of $4.07 per pound. Exports in April reached $8.11 billion, while imports came in at $6.07 billion. Copper sales in April reached $4.54 billion.
Chile was China's top supplier of imported table grapes with a total import value in excess of $260 million, according to the UN Comtrade database. In terms of volume, imports of Chilean table grapes to China during 2020 were 68% higher than for the number two country, Australia. In fact, Chilean grapes accounted for approximately 44% of China’s total fresh grape imports in 2020. According to the Chilean Fruit Exporters Association (ASOEX), Chile exported 111,487 tons of table grapes to China during the 2019/20 season.
New property sales grew 89% in March compared to the same period in 2020, according to TOCTOC.com's InfoInmobiliario, with 3,060 units sold in Greater Santiago - 2,311 flats and 749 houses. These figures also show an increase in the pace of marketing, representing an increase of 14% over its historical average monthly sales over the last decade. These numbers led the real estate market to close the January-March period with 8,676 units sold, registering an increase of 58% over the same period last year.
Shares of Sociedad Quimica y Minera de Chile S.A. (SQM) have crossed above the average analyst 12-month target price of $53.00, changing hands for $53.52/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: downgrade on valuation, or, re-adjust their target price to a higher level.
The Government has submitted to the Chamber of Deputies its bill that seeks to allow a third withdrawal of pension funds, as an alternative to the initiative promoted by the opposition, which has already been passed into law. According to the Government, its proposal "addresses the urgent needs of families, granting benefits to 3 million contributors who currently have a zero balance in their individual capitalisation accounts and establishing a mechanism to recover the pension savings withdrawn, thus strengthening future pensions".
Sonnedix Power Holdings Ltd has initiated the environmental permitting process for a project to build a 175-MWp solar farm with energy storage in the Chilean region of O’Higgins. The global independent solar power producer would invest $140 million to build the whole set-up, including a substation and a high-voltage transmission line, its application for the environmental review shows.
Enel Green Power Chile and partner IM2 Solar Chile have reached the first milestone in an agreement to install 75 MW of solar plants under Chile's special regime for distributed generation (DG) projects, known as PMGD. The pair has put into operation the 3-MW San Camilo solar photovoltaic (PV) power facility in the Maule region.