The NAB Rural Commodities Index gained 3.0% month on month in March, its second consecutive rise.
The NAB Rural Commodities Index gained 1.2% month on month in February, following a drop of 1.8% in January. On a year on year basis, the index was down 2.9% in February. The gain was driven by higher grain, fruit and dairy prices, offsetting falls in beef, lamb and sugar.
2018 has seen a fairly mixed start to the year, with significant differences between regions and industries.