We expect NAB’s Non-rural Commodity Price Index to move slightly higher in Q4
Insight
April 24, 2013
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…
- 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.
For further analysis download the full report.
- Rural Commodities Wrap – April 2013 (PDF 268 KB)
