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RBA commodity prices edge up in November

Posted on 04 December 2012

Australia’s export commodity prices rose slightly in November but are still well below their mid-2011 peak, Reserve Bank of Australia (RBA) figures show. The RBA’s index of commodity prices in November was 1.7 per cent higher in foreign currency terms compared with October, when it hit a two-year low.
Despite the small bounce in November, the index was still down by 18.3 per cent from its peak in July last year. Even after the downward trend from mid-2011, the index is still up by 191 per cent from where it was in late 2003, before a global economic recovery and China’s rapid industrialisation supercharged demand for minerals………………………………………..Full Article: Source


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