Another factor affecting global supply has been an increase in the frequency of reported extreme weather events including droughts, floods and high temperatures.3 Export bans imposed by some countries have also reduced the supply coming onto world markets. Graph 5  All up, these fundamental global drivers are reasonably favourable for the Australian farming sector.
Policy Targets Agreement  While the Policy Targets Agreement (PTA) for monetary policy is a relatively simple document, we continue to be surprised at the wide range of interpretations that we see in the media and in commentaries.