Financial crisis hits forestry sector
November 10, 2009
After avoiding the worst of the economic fallout from the global financial crisis in 2008, Australia’s forest sector is now experiencing some adverse effects according to a new ABARE report.
The biannual report, Australian forest and wood products statistics, reveals a significant downturn in forest product production and exports, as the industry is affected by the international downturn in forest products trade and a drop in domestic housing sector demand. Read more
Carbon scheme hits dairyfarmers
June 3, 2009
Dairyfarmers will be among the hardest hit financially by the Carbon Pollution Reduction Scheme, according to a new ABARE report.
Impacts from CPRS will vary based on the proportion of emissions intensive inputs, the emissions intensity of production and the extent to which agricultural processors also pass on their increased costs to farmers.
ABARE executive director Phillip Glyde released the report this week entitled “Effects of the Carbon Pollution Reduction Scheme on the economic value of farm production”. Read more
Critical time for forestry sector
May 13, 2009
Throughout 2008 Australia’s forest sector continued to perform strongly according to a new ABARE report released yesterday.
However, current economic conditions suggest difficult times ahead for Australia’s forest sector, with uncertainty regarding investment and employment in many regions. Read more
Challenging time for wine industry
March 3, 2009
The Australian wine industry is facing a difficult period in the coming years as competition in export markets increases and global demand for wine slows, pushing prices down, ABARE’s Outlook conference heard on Tuesday.
ABARE senior economist Dr Brenda Dyack said conditions would be particularly tough in 2008-09 and 2009-10, with declining wine sales forecast to continue. Read more
Winter crops outlook positive
September 16, 2008
Despite winter rainfall across the Australian grains belt being average or below average, the timing of the rains has been opportune and crops are in a reasonable position leading into spring, according to ABARE’s September issue of the Australian Crop Report.
“Although conditions have been variable across regions, there is optimism for an improved winter grains harvest in 2008-09,” said ABARE’s executive director Phillip Glyde. Read more
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