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Australia Flooding Effect on Commodities

Australia Flooding Effect on Commodities - The recent flooding in Queensland, Australia has had a major effect on the population there. Thousands have been forced from their houses, thousands of homes have been destroyed, lives have been lost. On top of the negative effect to the population, the flooding has had a negative effect on both the local economy and commodities.

As well as losing their homes, people in Queensland have also lost their lively-hoods. As a result of the flooding, commodities transportation have been disrupted. Transport of wheat, coal and sugar has been disrupted. Rail lines have either been damaged or are under water. Even getting emergency supplies to the people has been a hard task.

As a result of the damage done by the flooding, coal, wheat, sugar, and fresh produce prices will rise as will the price of meat. The effect on commodities will not be restricted to Australia. It will have an impact around the globe.

Australia Flooding Effect on Commodities
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