Quarterly Agribusiness Survey – June 2012

NAB’s Quarterly Agribusiness Survey covers economic and business conditions in Australia’s post farm gate agribusiness sector. Post farm gate business […]

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NAB’s Quarterly Agribusiness Survey covers economic and business conditions in Australia’s post farm gate agribusiness sector.

Post farm gate business conditions weaken through June.

  • Post farm gate agribusiness conditions decline further in June, due mostly to a large fall in customer confidence
  • Medium term expectations continue to wind back, pulling capex expectations along with them
  • Confidence in commodities rattled by lower prices, macroeconomic volatility, but should be supported by recent rally in grains and oilseed prices

For detailed analysis download the full report.