THE uncertainty created in financial markets by the Federal Government's budget has certainly had an impact on the Australian dollar as I write. Australia now appears to be viewed around the world as a risky country in which to invest - only weeks earlier we were the shining light around the globe. With world financial markets and currencies again in a state of flux, it is hoped that a greater degree of certainty is soon established to provide stability to the world beef trade. The global demand forhigh-quality beef continues to trend upward. Australia is in a prime position to supply cost-competitive grainfed beef to those markets emerging from an economic slumber or which have an increased desire for Australian beef.
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