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CBA forecasts good growth in farming sector


Thu Apr 17 2008

The Age --- Page: B2 : 17 April 2008
Original article by Philip Hopkins

LexisNexis Summary
There are signs that Australia's agribusiness sector will boom in the year ahead. The Commonwealth Bank of Australia (CBA) recently published its "April Agri Indicators Report". The report predicts that investors in the listed agribusiness sector will reap returns of around 16% in the coming year, while the broader market will offer less attractive returns. Jon Sutton, of the CBA, said that the agribusiness sector is flourishing, due to the easing of the drought. He added that the huge increase in the price of agricultural commodities such as wheat is a boost for the agribusiness sector.
Stock Info:
COMMONWEALTH BANK OF AUSTRALIA - ASX CBA: Current quote Chart


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