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USDA/FAS GAIN report: Impact of the global financial turmoil on Australian agriculture

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Canberra, Australia
February 13, 2009

USDA/FAS GAIN report  AS 9005

Report highlights:

Recent global financial turmoil has gained widespread media attention in Australia and has driven significant (if not profound) changes in expectations for key economic indicators. Falling commodity prices will likely be offset (at least partially) by falling input costs. A depreciated Australian dollar will also greatly assist returns for exports and improved export competitiveness. Disparity in depreciation of these prices will likely provide major challenges for agriculture producers. Another challenge for Australian agricultural industries is the declining demand in key export markets. Australia exports around two thirds of total agricultural production and thus remains highly reliant upon export market factors.

Full report: http://www.fas.usda.gov/gainfiles/200902/146327238.pdf
 

 

 

 

 

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