A chart of Australia's commodity exports broken down roughly by their end use (original data from ABARE).
Note our dependence on the steel industry which is in a fair bit of trouble atm. I am inclined to think agriculture is the undervalued segment at present. I have noticed that quite diverse commentators such as Jeremy Grantham and Jim Rogers have been suggesting this. Not sure how to play this on ASX though. Perhaps time to buy a farm and move to the country...
A chart of Australia's commodity exports broken down roughly by...
Add XJO (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
7,889.6 |
Change
72.800(0.93%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 7,816.8 | 7,902.6 | 7,816.8 |
| XJO (ASX) Chart |