Agribusiness confidence drifts lower as dry grinds on: NAB

CHALLENGING seasonal conditions and poor crop performance have led to a flattening of agribusiness conditions in the fourth quarter (Q4) of 2019, despite resilience in the lamb and mutton sector, according to NAB’s quarterly Agribusiness Survey.

The survey shows a slight drop in the index from -11 in Q3 to -12 in Q4 2019.

The index measures three key agribusiness conditions of trading, profitability and employment. All three were negative in Q4 and agribusiness confidence also fell.

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Publication: Grain Central
Date: 10 December 2019