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Commodities to weather storms

Posted on 19 December 2011

Australia’s commodities sector is bracing for another active cyclone season, but unlike last year, prices of key exports such as iron ore, coal and sugar may show little reaction as Europe’s economic turmoil and surplus crops pressure markets.
A barrage of cyclones and tropical storms during the last November-to-March “wet” season flooded collieries and halted iron ore mining while ripping apart sugar and wheat crops, driving up commodities prices around the world. Meteorologists predict more storms than usual this season as a La Nina weather pattern again brings heavy rains………………………………………..Full Article: Source


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