The gross value of principal crops in 2012-3 rose by 5% to $13.9 billion.
The gross value of wheat increased by 4% nationally, to $7.0 billion in 2012-13. The year saw significant increases in the price of wheat which offset a decrease in local production due to poor growing conditions. Western Australia, the largest wheat producing state, experienced dry weather during the period.
Canola, the second most valuable principal crop, recorded the greatest increase in value in 2012-13, up 25% to $2.2 billion, a new record. The increase was attributed to good growing conditions and a strong demand from export markets in Europe and Asia.
Steady demand for barley both domestically and internationally saw its value in 2012-13 increase by 16%, to $2.0 billion. The increase was driven primarily by increased prices which more than offset the 10% drop in production.
The gross value of cotton fell by 18% in 2012-13, to $1.9 billion. Area and production of cotton fell due to a drop in prices following record production and consequent oversupply in the previous year.
Footnote(s): (a) Data for 2013 are preliminary and may be subject to revision.
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