Close Menu
Invest Intellect
    Facebook X (Twitter) Instagram
    Invest Intellect
    Facebook X (Twitter) Instagram Pinterest
    • Home
    • Commodities
    • Cryptocurrency
    • Fintech
    • Investments
    • Precious Metal
    • Property
    • Stock Market
    Invest Intellect
    Home»Commodities»Latvia declares agricultural emergency amid floods, crop damage
    Commodities

    Latvia declares agricultural emergency amid floods, crop damage

    August 5, 20252 Mins Read


    RIGA, Aug. 5 (Xinhua) — The Latvian government on Tuesday declared a state of emergency in the country’s agricultural sector, effective until Nov. 5, in response to prolonged rainfall and flooding that have severely disrupted this year’s harvest.

    According to the Agriculture Ministry, extended periods of wet weather since May 2025 have flooded fields across many regions, preventing farm machinery from accessing crops, delaying harvests, and significantly reducing yields.

    Cereals, a key Latvian agricultural export, have been hit particularly hard, the ministry said. It warned that failure to fulfill supply contracts could damage the sector’s international reputation and harm the country’s overall export performance.

    Excessive moisture has led to rotting in cereals, legumes, potatoes, and other crops. In many areas, crops have failed to germinate or been damaged by saturated soil. The ministry noted that many farmers with contractual obligations are now unable to meet them, exposing them to legal and financial risks.

    The state of emergency allows authorities to implement legal solutions appropriate in force majeure or extraordinary situations.

    The State Revenue Service will be able to waive penalties for farmers who are unable to pay taxes on time due to crop losses. Financial institutions, including banks, may also offer relief to affected farmers, such as deferred principal payments, interest renegotiation, and rescheduling without penalties.



    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

    Related Posts

    India Energy Week 2026 Day 2 | GAIL on Hydrogen, Gas Infrastructure & AI-Driven Energy Future

    Commodities

    Energy ETFs to Gain as Arctic Blast Ignites US Natural Gas Price Rally

    Commodities

    AI vs. AI: Using intelligence to solve the energy strain of data centers

    Commodities

    Energy bills forecast to fall – why winter is still costing households more

    Commodities

    Little-known boiler tweak can save on energy bills and keep your home warm

    Commodities

    The Dirty Energy Secret On Your Plate

    Commodities
    Leave A Reply Cancel Reply

    Top Picks
    Stock Market

    Assessing Amkor Technology (AMKR) Valuation Following Q3 Results and CEO Succession Announcement

    Commodities

    la station d’énergie portable qui veut tout faire, partout

    Cryptocurrency

    Kamala Harris Plans to Boost AI and Crypto Sectors If She Wins – These Specific Stocks Could Benefit

    Editors Picks

    Bitcoin hits record high, soars past $109K

    May 21, 2025

    Nasdaq Index and S&P 500: Tech Stocks Drift as US Stock Market Awaits PCE Data

    December 6, 2025

    Fall-farm-fun with local agriculture – WBBJ TV

    October 17, 2024

    Serabi Gold en hausse de près de 2 % grâce à un bénéfice semestriel plus que doublé grâce à la hausse du cours de l’or

    May 29, 2025
    What's Hot

    What are tokenized commodities?

    October 11, 2024

    Stock Market Updates – Stabroek News

    February 20, 2025

    Satellites to ‘spy’ on homeowners for Labour’s property tax raid – The Telegraph

    November 27, 2025
    Our Picks

    Why US buyers are flocking to prime UK property – and how they can avoid tax traps 

    August 11, 2025

    Un bon test pour le Métal Pless en première ronde

    February 27, 2025

    la France produit plus d’électricité qu’elle n’en consomme

    April 17, 2025
    Weekly Top

    6 Retirement Must-Knows for 2026

    January 29, 2026

    Why is gold hitting record highs?

    January 29, 2026

    Expert Predictions For Fintech In 2026

    January 29, 2026
    Editor's Pick

    Chula Vista Awarded $10M to Update Building Efficiency, Increase Energy Savings

    August 27, 2024

    Real Estate Software Aided Price-Fixing “Cartel” Among US Property Companies

    July 28, 2024

    Why Chord Energy’s (NASDAQ:CHRD) Shaky Earnings Are Just The Beginning Of Its Problems

    August 16, 2024
    © 2026 Invest Intellect
    • Contact us
    • Privacy Policy
    • Terms and Conditions

    Type above and press Enter to search. Press Esc to cancel.