7501.0 - Value of Principal Agricultural Commodities Produced, Australia, Preliminary, 2007-08 Quality Declaration
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 10/02/2009
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Good weather, prices push agricultural production up by a quarter: ABS
Better weather, and significantly increased prices for grain crops helped push the overall value of Australia's agricultural production to $44.6 billion (up by 24%) for 2007-08 - according to preliminary figures from the Australian Bureau of Statistics (ABS).
Cereal and other grain crops had the biggest increase - up by 41% ($25 billion) - as a result of both higher production and prices, while cotton suffered from a severe drop in production (down 44%).
Livestock products (wool, milk and eggs) also went up as higher prices outstripped a fall in production giving an overall increase of 26% (to $7.3 billion).
However, livestock fell slightly to $12.2 billion (down 1%). Increased prices for sheep, lambs and poultry didn't offset falls in cattle, calves and pigs.
Grain sees increases while sugar, cotton and rice fall
Livestock and livestock products
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