Ukraine war, soaring costs shake Australia farmer confidence

Ukraine war, soaring costs shake Australia farmer confidence

The Star Online - Business·2022-06-14 14:00

SYDNEY: Australian farmers' confidence fell in the latest quarter, as rising production costs took some shine off high commodity prices and prospects of a bumper harvest, a survey showed on Tuesday.

Although the war in Ukraine is driving up farms' selling prices, especially for grains, those rises are needed to offset higher input costs, according to Rabobank, which conducted the survey.

……

Read full article on The Star Online - Business

Australia Agriculture Entertainment Malaysia