| Soft commodities like wheat have avoided the worst of the downturn affecting oil, iron ore and other hard commodities, but in general the sector is still trading at the bottom of its range, say analysts.
"In general terms the agrisector in Australia is certainly faring a lot better than what the hard commodity sector is," said ANZ's senior agricultural economist Paul Deane. "You wouldn't say that soft commodities have risen as much as what hard commodities have, and nor have they fallen as much. And with the weaker Australian dollar that's taken a lot of the sting out of falling global prices over the last three or four years."..............................................Full Article: Source
|