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

Historic drought in Australia rattles global farm goods market

Wool, wheat and sugar prices spike as exports dwindle

Wool prices are on the upswing due to the extended drought in Australia, which supplies 40% of the global market.   © Reuters

TOKYO -- The unrelenting drought ravaging Australia is disrupting international markets for agricultural products, as reduced exports of wool, wheat and sugar from the continent have pushed up prices in recent months.

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