As USA Today reported, used-car prices are on the rise as the aforementioned chip shortages affect new-car production, and buyers have turned to older ones instead, while Axios reported the average price of a used car has hit $17,609.Ī UBS note estimated that in April, used cars saw their largest monthly price increase in 68 years of tracking, with prices rising between 8.2% and 9.3%. Even Apple - a company that many thought would be able to dodge the shortage after it started making its own high-powered computer chips last year - said it will delay production on its iMac and iPad.īuyers are still looking for vehicles, creating a competitive used-car market. Last week, Tesla CEO Elon Musk said the semiconductor shortage has caused "insane difficulties" for the electric carmaker. Since then, many carmakers have been forced to shut down plants and prioritize which models they produce, while car prices at dealerships have continued to go up. As Insider's Katie Canales reported, demand for chips has gone up as consumers scrambled to buy cars and other technologies that use them.īut as more cars went into production, chip competition went up. In January, the consulting firm Alix Partners estimated the automotive industry would lose $61 billion in revenue from the shortage this year. The semiconductor shortage has hit automakers the hardest. The chip shortage is a problem for consumers wanting basically anything with a computerized component, which is much of the economy. Chipmakers like Intel had already seen production issues pre-pandemic, but as with many industries, COVID-19 brought a variety of new supply-chain issues. President Joe Biden holds a semiconductor chip at the White House in Washington, U.S., February 24, 2021.Īn ongoing computer-chip shortage has affected cars, iPads, and dog-washing technology alike. Theft of content without permission/payment is punishable by law.Account icon An icon in the shape of a person's head and shoulders. Content is copyrighted and requires written permission for reprinting in online or print media.
Your content is delivered instantly to thousands of users in Belize and abroad! Contact us at or call us at 50. The pest causes stunted growth and deformation of the flowers and growing tips of growing crops.Īdvertise with the mоѕt vіѕіtеd nеwѕ ѕіtе іn Belize ~ We offer fully customizable and flexible digital marketing packages. The Asian Bean Thrip is a tiny, elongated yellow and dark insect measuring two millimeters and found mainly in flowers, buds, and leaves. We can also not rule out the possibility of contraband given that this phenomenon still is known to happen,” Gutierrez said. We also managed a theory that the pest was probably spread to the subregion by the tropical systems across the country late in the year starting with Nana then Eta. “We believe we managed a hypothesis that the pest has been in the country for perhaps no more than 6 months given the nature of the epidemic, it really started off with very little population and it exploded all over which tends to be very common with new introductions. The pest is also known to affect leguminous crops such as soybeans, pigeon bean lima bean and even peanuts, and that all of the above have been affected in Belize. Gutierrez explained that the main host of this pest includes beans of all varieties inclusive red kidney beans, black beans, pinto beans, and that it severely affects black-eye peas. Gutierrez said that with the local demand for red kidney beans only at 5,000 pounds, farmers can safely export the 5,000 pounds without causing any shortages locally.Īccording to Francisco Gutierrez, Acting Managing Director, BAHA, northern Belize has been hit the hardest by the pest, with the impact being slightly less in the western part of the country, and even less so in the south. He did note, however, that the forecast for red kidney beans is more encouraging, with 13,000 acres planted and an estimated 10,000 yield.
The estimated value of that 6,000 crops was about $8.4 million, so you can do the math and determine the level of losses that were incurred in the black-eyed peas primarily in Corozal, Orange Walk, and Cayo,” Gutierrez said.Īuthorities will also have to look at the quality of the beans that survived, which could further reduce the amount exported. “So, in terms of black-eyed peas, we basically cultivate about 6,000 acres and the figures I’m going to share with you are preliminary about 6,000 acres in production however the damage was between 45 to 50 percent.
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