abare.gov.au
‘The forecast decline in farm export earnings in 2009-10 mainly reflects the adverse effects of a significantly higher Australian exchange rate, especially against the US dollar, and a downward revision to winter crop production in the current season,’ Dr Sheales said. The latest forecast of farm export earnings in 2009-10 represents a downward revision from the $31.1 billion forecast released by ABARE in September. For metals and other minerals, export earnings are forecast to decline by 10 per cent to around $75 billion in 2009-10.
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