21.06.2011 - Australia boosts predicted commodity sales on increased production, prices
Australia, the world’s largest shipper of coal, iron ore and wool, raised its forecast for export earnings 2 percent to a record for the next fiscal year, driven by expectations of higher production and export prices. Sales may total A$256.3 billion ($272 billion) in the 12 months to June 30, 2012, the Canberra-based Australian Bureau of Agricultural & Resource Economics & Sciences said in a report today. That compares to its March forecast of A$251.3 billion and a revised prediction for the current year of A$217.8 billion..............................................Full Article: Source
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