Fears farmers won't benefit from lower dollar
Posted
A Queensland farm lobby group says the usual benefits from a drop in the Australian dollar may not flow on to farmers because of the instability in global markets.
The Australian dollar tumbled five US cents overnight but has picked up in morning trade and is buying about 72.2 US cents.
AgForce president John Cotter says a lower dollar usually means better trading terms for Australian products but concerns are emerging about commodity markets.
"Commodity reports I've heard this morning suggest that there is beginning to be some concern about commodity demand and consequently from the flow on from that will be commodity prices on the global scene. I think it will really come [down] to seeing where it settles at," he said.
