Brexit effects on Australian ag ‘contained’, says Rabobank

THE direct trade impacts of Brexit on Australia’s agricultural sector are likely to be relatively contained, Rabobank says. In its June Agribusiness Monthly report, released today, the global agribusiness bank said with the UK along with the other 27 member states of the European Union only contributing a relatively small share of Australian food and agricultural exports — 1.4 per cent and 4.6 per cent respectively by value — the direct trade implications of the UK’s historic decision to leave the EU would be limited for the agricultural sector as a whole.