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A Quick Rundown of the Economic Impact of the Australia Flooding

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THE ECONOMICS
DailyFeed
Massive flooding in Queensland, Australia is going to have a global impact on everything from agriculture to mining, construction, tourism and retail sales.

Here are some highlights from a quick, sector-by-sector rundown of the economic impact of the Queensland, Australia Flooding, via the Sydney Morning Herald.

Coal Miners: According to the SMH, some of the largest coal producers in Australia have suspended sales and production runs. Among the miners affected are Anglo American (AAUKG), Aquila Resources, Rio Tinto (RTP) and Xstrata (XSRAY).

Mining Contractors: UBS analysts say miners exposed to the flooding include Macmahon Holdings, Boom Logistics (BOOLF) and Emeco.

Agriculture: The SMH notes that Australia's wheat, sugar and cotton exports are expected to be hit by flooding, while fertiliser makers may also be hurt by reduced sales. GrainCorp (GRCLF) is among the companies impacted.
POSITION:  No positions in stocks mentioned.

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