Australia's floods may affect world sugar prices | Asia Pacific

Australia's floods may affect world sugar prices

Australia's floods may affect world sugar prices

Updated 30 January 2013, 21:38 AEDT

The flood crisis in north-eastern Australia is continuing, although the major river systems in both Queensland and New South Wales are starting to recede.

A big clean up operation is underway in the disaster zones, but many areas are without power and thousands of residents are displaced.

Fuel supplies are also running low in some communities and there are serious concerns about clean water supplies.

The floods have deal a heavy blow to Australia's sugar industry in Queensland's Bundaberg area and that could have international repercussions.

Correspondent: Emily Bourke

Speaker: Geoff Aikinson, sugarcane grower; Tony Castro, sugarcane farmer; Steve Greenwood, Cane Growers, peak industry group; Alex Livingstone of peak horticulture body, GrowCom, Queensland

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