By Andrew Woods | Source: BAE, ABARES, ABS, AWEX, ICS
Last April Mecardo looked at the performance of commodities common to extensive farming in southern Australia in terms of price. In markets the flip side to price is volume, so this article looks at the performance of commodities (beef, crops, lamb and merino wool) since the early 1970s. Why bother? We need a framework by which to judge the performance of the different industries which takes into account volume as well as price.
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