Farm export predicted to rise

AUSTRALIA’S farm exports including wine and dairy products are forecast to rise in 2010-11, according to a report released by the Australian Bureau of Agricultural and Resource Economics (ABARE).

The value of Australia’s farm exports is forecast to be around $29 billion in both 2009-10 and 2010-11, before increasing to $32.2 billion in 2014-15.

“The projected increase in farm export earnings will be supported by recovering world economic growth and is under the assumption of favourable seasonal conditions in Australia,” ABARE executive director, Phillip Glyde said.

Total earnings from Australian commodity exports are forecast to rise by 15 percent to $187 billion in 2010-11.

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