Business
Will Aussie agricultural commodity prices see another record-breaking year?
According to Rabobank’s monthly agribusiness report, Australian commodity prices are looking to gain this year despite a record-breaking 2020.
Australian agricultural commodities saw their highest prices on record last year, as prices soared approximately 18% between September 2019 and March 2020.
The report found that, thanks to La Niña and demand from China, the majority of commodities produced in Australia are in for another good year.
The report follows ABARES’ prediction that 2020–21 will be the second most profitable season ever for Australian farmers.
Which commodity prices are expected to gain?
Canola
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