AGRICULTURE EXPORTS REBOUND

Written on the 18 June 2013

AGRICULTURE EXPORTS REBOUND

Exports of food and live animals more than doubled in the March quarter compared to the previous year says the latest Queensland interstate trade figures from the Australian Bureau of Statistics (ABS).

The Interstate Trade Queensland report shows the value of exported food and livestock was $899 million in the March Quarter, compared to $428 million for the same period in 2012.

Overall trade figures remained relatively steady year on year, with $9,306 million worth of imports in to Queensland and $4,490 million exports.

Marsden Jacob Associates senior consultant Gene Tunny says the increase in exports in the primary industries is most likely due to the recovering live export markets.

The import value into Queensland was down 10 per cent compared to the December quarter, while imports were down 25.4 per cent on the same period.

Tunny says it is hard to draw conclusions fromt he data.

“The figures are not seasonally adjusted and you need to take into account the impact of the floods as well,” says Tunny.


Latest News

HONG KONG FUND INVESTS $212.8 MILLION IN G8 EDUCATION

G8 EDUCATION (ASX: GEM) has secured $212.8 million from Hong Kong-based CFCG Investment Partners to pay down debt and...

MERGER DELIVERS THE FINANCIAL GOODS FOR TERRY WHITE

TERRY White Group has posted a solid half-year net profit of $1.3 million amid a period of major transformation fo...

BLUE SKY APPOINTS TWO NEW INDEPENDENT DIRECTORS

BLUE Sky Alternative Investments (ASX: BLA) has appointed two new independent, non-executive directors to its board: ...

INTEREST IN RETAIL PROPERTY SPIKES AS INTERNATIONAL BRANDS LOOK TO ROLL OUT IN AUSTRALIA

AN influx of international retail brands into Australia over the next five years are expected to push up demand for f...

Related News

WHY EMPLOYEE-OWNED COMPANIES ARE BEATING ASX200 SHARE PRICES

EMPLOYEE-owned companies command a higher share price than their publicly listed peers, reaping a 17 per cent prem...

RISE OF THE MACHINES HAS WORKERS SWEATING

UP TO 3.8 million Australian workers are fearful their job may soon be terminated by a robot, a new survey has shown....

LESS TALK, MORE SMALL BUSINESS ACTION IN 2017

THE future growth and prosperity of Australian SMEs could be undermined if governments lose sight of the sector...

TEST DRIVE A POST GRAD AT BOND

THERE'S only one way to really move your career into the fast lane, says Bond University, and 'test driving...

Contact us

Email News Update Sign Up Contact Details
Subscriptions

PO Box 2087
Brisbane QLD 4001

LoginTell a FriendSign Up to Newsletter