iraq unrest guts livestock exports

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    ABC News
    There is a hush over the nation's livestock export ports as the industry starts to feel the impact of unrest in the Middle East.

    Talk of war has increased insurance premiums on ships and Middle Eastern currencies are softening in value, making imported Australian meat too expensive.

    Elders Limited live export manager Gary Tapscott says all states and the Northern Territory are feeling the impact.

    "If you have the threat of war, the huge increase in the insurance cost, the rapid movement of the Australian dollar which is pushing the price of our exports up in their particular country and the devaluation of the pound in Egypt, that's another factor, there's four or five factors weighing pretty heavily on the market at the moment," he said.
 
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