AS THE general market continued to rebound in November, the AAG Agri-Index doubled the All Ords positive performance of 2 per cent for the month, according to leading research provider Australian Agribusiness Group (AAG).
The AAG Agri-Index saw a mixed result between its three subsectors.
The manufacturer sector (largest division in the AAG Agri-Index) gained an outstanding 5pc but the diversified sector fell 5pc and the producer sector fell 2pc.
AAG director Tim Lee said "the improving market conditions have boosted confidence in agribusiness and the 4.8pc rise this month, along with the impressive 15pc rise in the financial year to date should encourage investors to seek their potential fortune in agribusiness".
"The standout winners in the AAG Agri-Index - Solverdi Worldwide (up 50pc), Montec International (up 50pc), Clover Corporation (up 28pc), Clean Seas Tuna (up 26pc) and Dromana Estate (up 23pc) all contributed to a positive agri image that will continue the growth of investor interest within the agri sector," Mr Lee said.
Companies that struggled included Olea Australis (down 25pc), Farm Pride Foods (down 20pc), CO2 Group (down 19pc), Freedom Nutritional Products (down 17pc) and The Ark Fund (down 18pc).
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