Rural Commodities Wrap – April 2013

Global financial markets are digesting latest Euro-zone crisis (Cyprus) where bank depositors are being forced to take losses. Pre-crisis global financial markets had been on a strong rally, especially against the background of still sluggish economic performance in the…

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  • Global financial markets are digesting latest Euro-zone crisis (Cyprus) where bank depositors are being forced to take losses. Pre-crisis global financial markets had been on a strong rally, especially against the background of still sluggish economic performance in the big advanced economies. Commodity prices are less buoyant.
  • There are some “green shoots” in the domestic economy but overall conditions and confidence as indicated by the latest NAB Monthly Business Survey are still subdued.
  • The domestic poultry industry is gaining traction but pig industry continues to face stiff import competition.

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