7501.0 - Value of Principal Agricultural Commodities Produced, Australia, Preliminary, 2009-10 Quality Declaration
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 21/02/2011
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Low prices drive 6% fall in agricultural commodities
Reduced prices for major crops and livestock products led to a 6% fall in the overall value of agricultural production in 2009-10, according to preliminary figures released by the Australian Bureau of Statistics (ABS) today.
Preliminary figures place the value of agriculture production for 2009-10 at $39.5 billion.
Significant falls in the value of major cereal crops saw the total value of crops down to $21.1 billion, a drop of 7% in 2009-10.
The value of livestock products decreased to $5.7 billion in the same period, a fall of 9%, due to significant decreases to the value of milk.
The value of livestock slaughtered fell by 1%, with increases in the value of sheep, lambs and pigs offsetting decreases in the value of cattle, calves and poultry.
Key crop movements:
Key livestock and livestock product movements:
Further details are in Value of Agricultural Commodities Produced, Australia, Preliminary (cat. no. 7501.0)
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