ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter
Commodities

Australian drought doubles hay prices in blow to cattle farmers

International beef prices expected to rise if dry spell continues

Hay prices have skyrocketed in southeastern Australia due to a severe drought.
Hay prices have skyrocketed in southeastern Australia due to a severe drought.   © Reuters

SYDNEY -- The drought affecting southeastern Australia has doubled hay prices, severely affecting ranchers and raising the prospect of higher international prices for beef from Down Under. 

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more