10 Million Euro Loss as Esmeralda Farm in Ethiopia Burned Down

In a communiqué to their clients, Esmeralda Farm reported that their entire farm was set ablaze in a political action causing losses estimated at 10 million EUR.

The statement by Esmeralda reads in part, “A few weeks ago, local businesses were affected that have a link with the government. There were soldiers on our farm when the rebels came; they run away because the group was too large. Everything was then was set on fire.”

Esmeralda Farms has 150 ha of land available in Ethiopia. The end of 2015 the first 25 hectares came in production. In the 17 ha foil greenhouse are grown mainly spray roses and outside Gypsophila is the largest crop in the group summer flowers.

"Three times a week we got flowers in Aalsmeer from our location in Ethiopia. That was 30-40% of our turnover in Aalsmeer, the rest comes from our companies in South America. We can do nothing now, only wait until the circumstances and people is calm and we have to inform our customers. "

There have been ongoing anti-government protests in the Ormomia and Amharia regions that are said to have left dozens dead. Only one person was injured during the Esmeralda Farm fire incident