The forecast value of Australia's commodity exports this fiscal year has been revised up a little but will still fall sharply on year.
The annual fall will mostly reflect a decrease in the value of mineral and energy product exports, according to estimates issued today by the government's chief commodities forecaster.
The total value of commodity exports in the year ending June 30, 2010 is now forecast at $162.56 billion, up 2.7 per cent from a September estimate but down 18 per cent on actual exports of a revised record of $197.44bn last fiscal year, the Australian Bureau of Agricultural & Resource Economics, or Abare, said in its quarterly commodities outlook publication.
Click here for more on the future expected value of Australia's imports.
