Fresh vegetable prices sky high after floods
crops to freeze. However, those issues should be cushioned by the current supply, he said.
Hari said his insurance only covers damages to crops in cool storage. The advisory group’s former chairman Stuart Davis said farmers were not typically insured against flood damage. Supplies would be impacted until August, but it would be about a month until consumers really felt the pinch from the crops lost in the flood, Davis said.
Cyclone Debbie had the same effect in Australia. Rural insurance company FMG has received 226 claims for ex Cyclone Debbie worth an estimated $2.47 million.