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Chile

Welcome to the price transmission page for Chile. This page enables you to look into the country and its crops more specifically to gain an understanding of the level of risk and also, to view its historic warning periods per commodity. Select a time range or a specific date to view the data in more detail.

Chile

Historic Warnings per Commodity

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Background information

Chile has a market-oriented economy and counts as one of Latin America’s most prosperous nations. The country can be characterized by high levels of competitiveness, globalization and economic freedom all contributing to consequent high levels of foreign trade. In the beginning of the century real annual growth amounted to 5% on average, where tourism has been an important driver.

The agricultural production is very diverse including grapes, apples, pears, onions, wheat, corn, oats, peaches, garlic, asparagus and beans. Livestock in form of beef and poultry complements the range of products. The sector as a whole contributes to 3.4% of output and engages slightly more than one-tenth of the labor force. However, in order to satisfy the domestic demand, more than one-third of the overall cereals consumption has to be imported.

The high-income country scored 0.832 on the HDI (2014) ranking among the countries exhibiting a high level of human development. It was nevertheless estimated that in 2013 about one-sixth of the population was living in poverty. The Global Food Security Index (GFSI 2015) attributed the country an overall high level of affordability and availability of food when compared to other Latin American countries.