The floods that ravaged Australia’s east coast could affect the supply and prices of apples, stonefruit and pears by summer and cause up to $5 billion worth of damage to the grain harvest.
The Goulburn Valley is home to some of the Victorian towns worst affected by the flooding, including Shepparton, Rochester, and Echuca.
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AAP
Gus McCubbing is a markets reporter in the Melbourne newsroom. He was previously the Australian Financial Review’s Victorian political correspondent. Connect with Gus on Twitter. Email Gus at gus.mccubbing@afr.com