News last update:6 Aug 2012

Strong growth for Aussie grain producers

A new commodity report predicts the big grain producing states of Western Australia, South Australia and New South Wales will enjoy their strongest growth since the 1980s as conditions improve.

Westpac's regional winter report says agribusiness will bounce back strongly despite the effect of higher production on commodity prices and a strong Australian dollar.

But the report warns that Queensland's beef producers are likely to suffer a drop in demand with the re-entry of United States exporters into north Asia.

Source: ABC Rural

Editor AllAboutFeed

Or register to be able to comment.