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Revenue from Australia’s commodity exports to plunge

Posted on 04 March 2009

From News.com.au: The value of Australia’s commodity exports will plunge 17 per cent in fiscal 2010 due to lower returns from mineral and energy exports. At the same time, the Australian Bureau of Agricultural and Resource Economics said the Australian dollar would drift lower in fiscal 2010 to average at US68 cents, and 55 on a trade-weighted index basis.

In its first outlook statement for the fiscal year that starts July 1, the Federal Government’s chief commodities forecaster said it expected the value of commodity exports to fall to $161.7 billion, from a revised estimate of $195.7 billion for this financial year….. Full Article: Source


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