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UPDATE 1-Australia's east coast drought to intensify as dry weather persists [Reuters]

National Austra Bank (NABZY)  More Company Research Source: Reuters
NASDAQ:AMEX Investor Relations: nab.com.au/about-us/shareholder-centre
PDF Australia's east coast drought to intensify as dry weather persists | Reuters 2 Min Read SYDNEY (Reuters) - Australia’s east coast will experience dry weather for at least the next three months, the country’s meteorological bureau said on Thursday, intensifying a drought that has wilted crops and left farmers struggling to stay in business. Australia’s Bureau of Meteorology said in its latest outlook that there was only a 30 percent chance rainfall would exceed average levels over much of the country’s east coast during spring, which runs from September to November. If the drought gets worse, Australia’s agricultural sector will suffer further crop losses, while farmers will also be forced to slaughter livestock in greater numbers as they struggle to find enough food or water to keep them alive. The bureau also raised the prospect of dry weather in the country’s west, which has so far escaped drought conditions, raising new concerns for Australian food manufacturers. Unable to source [Read more]

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