Elders, one of Australia’s biggest agribusiness groups, has reported a 30 per cent increase in trading in the past six weeks, as farmers grow more confident with the easing of drought conditions and US tariffs.
Elders chief executive Mark Allison said the agricultural sector had experienced a difficult year, where drought in parts of South Australia and Victoria had resulted in a decline in demand for fertilisers and crop chemicals, but now conditions were improving. He also welcomed last week’s removal of tariffs by the United States on Australian beef.
