Australian agricultural commodity prices took another downward turn last month with the NAB Rural Commodities Index* now 19.7% below year-ago levels.
NAB Agribusiness economist Phin Ziebell
Lower beef, lamb, canola, dairy and wool prices saw the Index fall 3.6% month-on-month, according to the bank’s April Rural Commodities Wrap released today.
On the upside, much of south-eastern and south-western Australia has enjoyed an early autumn break, setting up an ideal start to the winter cropping season in many areas.
NAB Senior Agribusiness Economist, Phin Ziebell, said farmers planting…
