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Agricultural losses estimated at 2,1 million USD in 2016

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Magazine Issue: 
Afro-optimism [3]
Magazine date: 
Jun 2016

According to a preliminary estimate of the Caisse Nationale de Mutualité Agricole (CNMA), the losses related to cereal crops following the hailstorms and fires would range between 220 and 230 million DZD (2 and 2.1 million USD) in 2016.

According to the general manager of CNMA, compensation for farmers has already started. Faced with the ravages of drought during the year, the fund has planned to launch on the market an insurance cover such a risk.

It is worth reminding that in 2015, the CNMA achieved premiums of 2.7 billion DZD (25.3 million USD) just in the agricultural risks, that is 75% of this class of business in Algeria.

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Tue, 12/07/2016 - 13:59

Source URL: https://www.atlas-mag.net/en/article/agricultural-losses-estimated-at-21-million-usd-in-2016

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[3] https://www.atlas-mag.net/en/issue/afro-optimism
[4] http://www.atlas-mag.net/en/article/insurance-in-algeria-turnover-2014
[5] http://www.atlas-mag.net/en/article/cnma-increasing-turnover-in-2015
[6] http://www.atlas-mag.net/en/article/cnma-and-badr-sign-a-framework-agreement-for-the-modernization-of-agricultural-insurance