“There are hundreds of millions of dollars worth of crops and pastures that are potentially at risk,” Chris Adriaansen, director at the Canberra-based Australian Plague Locust Commission said in an interview by phone. “Tens of millions of dollars” will be spent during the southern hemisphere spring to reduce the affects of the infestation, he said.

The forecast plague could cost Victoria’s agriculture sector A$2 billion ($1.7 billion) if left untreated, the state government said today. Widespread egg-laying across south- eastern Australia has set the scene for the biggest hatching for at least 25 years, according to the commission, which describes locusts as the nation’s most serious pest species.  [ BLOOMBERG ]