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

    ‘It Blew Away My Expectations’

    Commodities

    Lake District: Thousands flocked to Cartmel Agricultural Show 2025

    Commodities

    METAL EDEN launches September 2

    Commodities

    Commodities Prices: Today’s Rates: Rediff Moneynews

    Commodities

    Agricultural Trade Boosts Farms and the Economy | The Zipline

    Commodities

    Album review: BABYMETAL – METAL FORTH

    Commodities
    Leave A Reply Cancel Reply

    Top Picks
    Fintech

    sept talents aux parcours inspirants en 2025

    Property

    Real estate market’s new payment structure starts Saturday

    Cryptocurrency

    Man Duped Of ₹32 Lakh In Cryptocurrency Scam After Meeting Woman On Matrimonial Site

    Editors Picks

    Standard Chartered invests in financial tech platform United Fintech

    August 9, 2024

    “We want more real-world assets on the blockchain,” says OKX Ventures’ Ren –

    October 28, 2024

    Le projet Silver Springs de Solarbank à New York obtient des résultats d’interconnexion positifs -Le 06 mars 2025 à 16:16

    March 6, 2025

    Twisted cryptocurrency launches in tribute of suspected DC Capital Jewish Museum terrorist Elias Rodriguez

    May 24, 2025
    What's Hot

    Continental’s second exit of the agricultural tyre sector since 2000

    April 4, 2025

    Les tarifs douaniers de Trump pourraient augmenter le prix des consoles de 70% aux USA – Actu

    May 8, 2025

    Thailand set to hand out $13 billion to citizens

    July 15, 2024
    Our Picks

    Trump vigorously promotes cryptocurrency, Savvy cloud mining promotes global financial innovation

    March 28, 2025

    INDIA BONDS – Les prix des obligations indiennes baissent après le rachat de dette par la RBI et la chute de leurs homologues américaines

    May 15, 2025

    conjuguer choix alimentaires responsables et soutien aux producteurs locaux

    April 14, 2025
    Weekly Top

    METAL EDEN launches September 2

    August 6, 2025

    Carlyle Raises $9B for US Real Estate Fund

    August 6, 2025

    Israel climbs to top 8 in Europe for investments in the UK

    August 6, 2025
    Editor's Pick

    Trump Said Coke Will Use Cane Sugar Again. Why This Agricultural Stock Tumbled Instead. — Commodities Roundup

    July 17, 2025

    Kamala Harris Embracing Cryptocurrencies Will Be Good For America, Says Vivek Ramaswamy Even If It Doesn’t Align With His Vision

    August 13, 2024

    Beta FinTech dépose une demande d’introduction en bourse aux États-Unis pour 2 millions d’actions ordinaires – Dépôt auprès de la SEC

    June 4, 2025
    © 2025 Invest Intellect
    • Contact us
    • Privacy Policy
    • Terms and Conditions

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