AAP General News (Australia)
04-05-2011
FED:Japan to boost Australian exports: NAB
Australian farmers can expect a jump in both demand and the price of their produce
.. following the earthquake and tsunami that struck Japan.
The latest analysis from the National Australia Bank says the ongoing nuclear scare
also makes it very likely that Japan will increase its imports.
That's good news for Australia .. which exports more agricultural goods to Japan than
any other country.
The NAB analysis has found the new export demand is also likely to drive up commodity
prices over the medium term .. particularly beef .. pork .. chicken and rice.
The March 11 disasters have largely affected the North Tohoku region .. which is Japan's
fourth largest food bowl and produces about 20 per cent of the country's rice.
AAP RTV cj/tm/psm/
KEYWORD: AGRICULTURE NAB (CANBERRA)
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