Food exporters could drop their prices to remain competitive in international markets, as the Australian dollar reaches a 28-year high.
The cherry and stonefruit harvest has been delayed by a few weeks due to the cool spring.
Horticultural exporter David Minnis says he's trying not to discuss the high dollar with overseas customers, but when the produce becomes available, they'll soon find out.
"When we start quoting for cherries and stonefruit, they'll soon be aware of how high we are," he said.
"It's a matter of us trying to get prices that are workable for them and workable for our growers."
Meanwhile, the Federal Opposition says any interest rate rises by the banks will be an extra strain on farmers, who are still recouping their losses from the drought.
The Reserve Bank lifted the cash rate to 4.75 per cent, with the Commonwealth Bank responding with a lift in mortgage rates of almost double that of the Reserve Bank's rise.
The Australian Bankers Association's Stephen Carroll says banks haven't released what their business rates will be under the Reserve Bank rise, and says that's up to each bank.
Mr Carroll says the high Australian dollar will be hard for exporters.
He also says some farmers are carrying "significant levels of debt".
He says the ABA expects some farmers will have a look at where they are after this year's crop, and will decide whether they will continue to re-service those debts.
