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Australia’s farm export earnings are forecast to fall in 2009/10, after increasing strongly in 2008/09, according to the Australian Bureau of Agricultural and Resource Economics (ABARE). ABARE’s December issue of Australian commodities, released by Dr Terry Sheales, deputy executive director for ABARE, forecasts the value of Australia’s farm exports will fall by six percent to [...]
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While Australia’s export earnings from energy and mineral resources fell by two percent to $30.2 billion in the September quarter, export volumes have reached a record high for coal and iron ore, according to the Australian Bureau of Agricultural and Resource Economics (ABARE). “Strong demand for coal and iron ore from Japan, the Republic of [...]
...read moreA recently released report by the Australian Bureau of Agricultural and Resource Economics (ABARE) has revealed the decline of Australia’s forestry sector, which they have attributed to the global financial crisis. The bi-annual Australian Forest and Wood Products Statistics report showed exports were strong in the first half of the 2008/09 financial year but a [...]
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Energy and mineral export earnings will fall by more than 20 percent in the 2009/10 financial year, according to a forecast in the latest Australian Bureau of Agricultural and Resource Economics (ABARE) report. ABARE predicted the decline on the back of lower contract prices for bulk commodities, including coal and iron ore. While this represents [...]
...read moreThe latest Australian Bureau of Agricultural and Resource Economics (ABARE) report contains a downward adjustment for agricultural export earnings in the 2009/10 financial year, due to the high Australian dollar. “Although winter crop production is forecast to increase in 2009/10, an assumed higher average value of the Australian dollar is expected to lead to lower [...]
...read moreExport earnings from mineral resources hit a record $159.7 billion in the 2008/09 financial year, according to the Australian Bureau of Agricultural and Resource Economics (ABARE), representing an increase of 37 percent. “The record earnings reflect a 16 percent depreciation of the Australian dollar and higher contract prices for bulk commodities in the first nine [...]
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Australian agricultural exports will rise in both 2008/09 and 2009/10, according to a commodity forecast issued by the Australian Bureau of Agricultural and Resource Economics (ABARE). Executive director of ABARE Phillip Glyde released the June issue of Australian Commodities yesterday and highlighted the good news. “A forecast increase in winter crop production combined with relatively [...]
...read moreA fall in global demand and a drop in prices has led to lower export earnings in the energy and mining industry for the first quarter of the year, according to Australian Bureau of Agricultural and Resource Economics (ABARE). Export earnings from energy and mining commodities dropped by 18 percent, reflecting dampening volumes and declining [...]
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