TOL:-
Which SGX or HKSE listed company, would benefit from the rebuilding in Australia ?
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A giant inland sea of floodwater, 55 miles (90km) long, will spread across the Australian state of Victoria over the next 10 days, officials say.
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Retail fruit prices jumped an extraordinary 15 per cent between the September and December quarters of last year, and vegetable prices 11 per cent.
Along the east coast the rises were even steeper, with fruit prices up 17 per cent in Sydney and Brisbane and 16 per cent in Melbourne. Vegetable prices climbed 15 per cent and 10 per cent.
Treasurer Wayne Swan warned consumers yesterday of a further spike in fruit and vegetable prices in the March quarter.
He outlined official figures showing 80 per cent of Australia's beetroot is produced in flood-affected areas, as well as 60 per cent of sweet potatoes, zucchini, mandarins and spring onions.
''Many families will be doing it tough at the check-out when the price hikes flow through in the weeks and months ahead,'' Mr Swan said, responding to an otherwise benign inflation result of just 0.4 per cent for the quarter and 2.7 per cent for the year to December.
LenaHuat wrote:Horrendous inflation on its way (from The Age, Melbourne):-
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