Internet Banking

Farming publications

Agricultural Commodities: June Quarter 2013

Agricultural commodities: June quarter 2013

Categories: Commodities

Summary of key issues:

  • The total value of Australian agricultural, fisheries and forestry exports is forecast to be around $39.3 billion in 2013-14, 2.6 per cent lower than the estimated $40.3 billion in 2012-13.
  • Farm export earnings are forecast to decline by 3.2 per cent in 2013-14 to $35.8 billion, following an estimated increase of 1.9 per cent in 2012-13 to $37 billion. 
  • Although marginally lower than in 2012-13, farm export earnings in 2013-14 are forecast to be around 16.3 per cent higher than the average of $30.8 billion in nominal terms recorded over the five years to 2011-12.
  • Export earnings from crops are forecast to decline by 6.5 per cent in 2013-14 to around $20.7 billion, following an estimated rise of 2.7 per cent in 2012-13.
  • Export earnings from livestock and livestock products are forecast to increase by 1.7 per cent in 2013-14 to $15.1 billion, after increasing by an estimated 0.6 per cent in 2012-13.
  • Export earnings from forest products are forecast to increase by 6.3 per cent to $2.2 billion in 2013-14, following an estimated decline of 5.5 per cent to $2.1 billion in 2012-13.
  • Export earnings from fisheries products are forecast to remain largely unchanged at around $1.2 billion in 2013-14, following an estimated decline of 3.7 per cent in 2012-13.
  • The gross value of farm production is forecast to increase by 1.0 per cent in 2013-14 to $47.7 billion, after declining by an estimated 1.5 per cent to $47.3 billion in 2012-13.
 

Source: www.daff.gov.au/abares

 

Disclaimer: Whilst all care has been taken in compiling the information, the information should not be relied upon as substitute for professional advice where necessary. Rural Bank Limited accepts no responsibility for the accuracy, completeness or timeliness of the information and disclaims all liability in relation to any loss or damage suffered by the use of or reliance upon any information contained herein or in any attachment or annexure hereto by any person. Rural Bank Limited ABN 74 083 938 416 AFSL 238042.