Cyclone Yasi may have destroyed half the sugar cane crop in Australia's key sugar cane growing districts in Queensland, representing about 15 per cent of the country's crop, a key industry body said on Thursday.
"While it is too early to a
One of the most powerful cyclones on record slammed into Australia's coast, threatening tourist cities with powerful winds and raising the danger of deadly storm surges.
Cyclone Yasi, packing winds of up to 300 km (186 miles) an hour n
A powerful cyclone bearing down on northeast Australia has been upgraded to a maximum-strength category five storm, the most destructive seen for generations with the prospect of serious damage and risk to life, disaster officials said on Wednesda
Australia evacuated northeast coastal communities on Tuesday as a massive cyclone bore down on key tourism, sugar and coal mining areas.
Officials warned the powerful storm could sweep far inland into areas already devastated by recent flo
Spot coking coal prices have risen around 10 per cent in a month and look set to move sharply higher as Asia's steel mills scour the globe for new suppliers to cover production lost to Australian floods.
More than two months of torrent
Floods that have inundated 22 Australian towns and forced more than 200,000 from their homes headed towards the northeast coast on New Year's Day, forcing further evacuations and warnings of 30-ft flood waters.
Australia has endured its we
Australia is set to reap a record cotton crop in 2011 despite crop losses caused by severe flooding in northeastern Australian state of Queensland, a top cotton trading firm said on Thursday.
About 7,500 hectares of crop had been destroyed
May white sugar futures jumped 4 per cent to a session high of $553 per tonne on investor short covering as the market began to rebuild after a steep setback in prices in the last month.
"There's some spec short covering with the dollar we
British charity fundraiser Ben Southall won the "best job in the world" on Wednesday -- caretaker of an Australian tropical island -- after an innovative marketing campaign that highlighted the power of social media.
Southall, 34, was pick