Initial estimates suggest crop loss of Rs 6 bn: Rain-hit Kerala planters

The heavy rain that has wreaked havoc in the state is expected to continue for the next few days, according to authorities


Current Affairs News: The monsoon fury that claimed 186 lives and left thousands homeless in Kerala has resulted in a crop loss of around Rs 6 billion, preliminary estimates by the state's planters show.

Also, the heavy rain that has wreaked havoc in the state is expected to continue for the next few days, according to authorities.

"The crop loss alone would be around Rs 6 billion as per our estimates and it is yet to be known how much the overall loss, including the infrastructure and others, would be because of the heavy rains, landslides and flood during this monsoon," said Ajith Balakrishnan, secretary, Association of Planters of Kerala (APK).

The tea sector may see a loss to the tune of around Rs 1.50 billion, even as incidents such as a landslide sweeping a 100-acre plantation in Wayanad has yet to be accounted for. Rubber, coffee and cardamom too will see a big loss.

Wherever rain gaurds were not installed, the damage is severe. Job loss, too, is expected to be higher this time. The overall loss could be figured out only by the end of this month.

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Article Source >> BS



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