Menu
Menu
Commodities market to shrink 20% this year

Commodities market to shrink 20% this year

Australia’s commodities market is expected to shrink by 20% to $158 billion in 2009-10, according to the government’s main commodities forecaster.

The Australian Bureau of Agricultural and Resource Economics (ABARE) said the slump follows a 32% increase during 2008-09.

Energy and mineral export earnings are forecast to fall 23% to $123 billion, despite a 4.6% increase in overall production.

And a strong Australian dollar will push the value of the farm export market down 2.5% to $31.1 billion, even while winter crop production improves, the Bureau said.

Join the CIO Australia group on LinkedIn. The group is open to CIOs, IT Directors, COOs, CTOs and senior IT managers.

Join the newsletter!

Or

Sign up to gain exclusive access to email subscriptions, event invitations, competitions, giveaways, and much more.

Membership is free, and your security and privacy remain protected. View our privacy policy before signing up.

Error: Please check your email address.

Tags economyfinancial crisisCommodities

More about Capgemini

Show Comments