Australia’s agricultural export earnings for 2011-12 are forecast for a very comfortable rise according to the ABARES Agricultural commodities-September quarter 2011 report.
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The world is “licking its lips” for Australian resources making predictions of economic doom and gloom for the May budget unrealistic, a leading economic forecaster has said.
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Treasurer Wayne Swan’s “no frills” Federal Budget has been criticised by the Opposition as “a $26 billion blowout”. Opposition finance spokesperson Andrew Robb indicated they were “very concerned about the level of spending” and horrified that “there doesn’t appear to be any sort of plan if we get another whack from the rest of the [...]
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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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Lower global wheat yields will see the price of the commodity rise by 2010/11 making up for current subdued prices, according to Luke Chandler, global head of Agri Commodity Markets Research for Rabobank in London. Downward adjustment to production from the commodity price boom of last year will take effect on the market, he believes. [...]
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The Australian Competition and Consumer Commission (ACCC) has formally approved the revised grain port access arrangements put forward by CBH, GrainCorp and Ausbulk, which is the subsidiary of ABB Grain that owns and operates the ports. The new arrangements have been designed to unlock constraints at grain ports, and promote the development of a wheat [...]
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To millions across the globe, Africa is synonymous with hunger, disease, aids, despots and conflicts. China, India and other Asian countries suffered same stereotyping until few decades ago when they started the current economic transformation through rapid industralisation and international trade. Africa is cautiously on the tails of the Asian Tigers. The continent is quietly [...]
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The Federal Court has given permission to the shareholders of disgraced wheat enterprise AWB to issue a subpoena to former Minister for Foreign Affairs Alexander Downer to call him as a witness in the case. In 2005, it came to light that AWB had made payments under the guise of transport fees to Saddam Hussein’s [...]
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Data released by the Port of Melbourne reveal that while there has been a 4.4 percent decline in container trade through the port, business has begun to lift since the new financial year began. According to port CEO Stephen Bradford, trade has grown in the last two months. Of note was strong performances from the [...]
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Export 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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