AEV 25.0% 0.5¢ avenira limited

Thanks adam a. Great article. It is supported by an article on...

  1. 148 Posts.
    Thanks adam a. Great article. It is supported by an article on Pg19 of the same edition of Weekend Aust:

    Indian Outcry Over Onion Prices
    Amanda Hodge
    SE Asia Corresp

    "...The price of onions - the Indian economy's traditional canary in the coalmine - has more than doubled in recent weeks, forcing the subcontinent staple off the menu in millions of households and on the top of the beseiged government's agenda.
    After three days of high-level meetings to address the country's runaway food inflation - pegged at 16.1% in latest figures this week - the government unveiled an eight-point onion emergency plan late on Thursday.
    State-owned agencies will now sell onions, cooking oil and lentils at half the going market rate, exports of some foods have been banned and import restrictions lifted on others. The crisis..."

    The global food crisis we saw get underway in 07/08 is back with a vengance and this time China is further down the 'urbanising path' which will only exacerbate the issue.

    MAK is potentially positioned extremely well in the years ahead to sell into a growing market for fert as food prices hike due to supply/demand issues.

    Cheers
 
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