|Page tools: Print Page Print All RSS Search this Product|
SUMMARY OF FINDINGS
Improved conditions in 2007-08 saw increases in the production of broadacre crops and their associated prices. This was highlighted by the increase in the gross values of wheat (up by 102% to $5.3 billion), hay (up by 74% to $2.8 billion), barley (up by 116% to $2.2 billion) and grain sorghum (up by 257% to $977.4 million). In contrast, the value of rice continued to fall in 2007-08, down 87% to $7.3 million.
Continuing to recover from several poor harvests, production and average prices of grapes rose in 2007-08, pushing gross value up by 49% to $1.7 billion.
Livestock slaughterings and other disposals
The gross value of livestock slaughterings and other disposals decreased $232.3 million to $12.1 billion in 2007-08.
After the value increases of 2006-07, the gross value of cattle and calves slaughtered dropped 8% to $7.4 billion as average prices also fell. In contrast, decreased supply of sheep and lambs drove average prices up, so that the gross value of sheep and lamb slaughterings increased 5% to $2.2 billion.
In 2007-08, the gross value of pig slaughterings and other disposals fell 4% to $902 million as the number of disposals and average prices dropped slightly. The gross value of poultry slaughterings rose 26% to $1.6 billion as a result of increases in average prices.
In 2007-08, the gross value of livestock products rose 26% from 2006-07, to $7.3 billion. This total increase was largely driven by the average price of whole milk increasing by almost a half, which pushed the gross value up by 44% to $4.6 billion.
These documents will be presented in a new window.