(Bloomberg) -- Australia, the world's biggest wool
exporter and third-largest shipper of wheat, raised its forecast
for farm-export earnings by A$900 million ($764 million) on
optimism of a larger grain crop and higher dairy and beef prices.
The nation may earn A$28.1 billion from sales of commodities
from beef to wool in the year ending June 30, 2008, the
Australian Bureau of Agricultural and Resource Economics said
today in a statement from Canberra. The forecast is 3.3 percent
higher than the bureau's March estimate.
Read more at Bloomberg Commodities News
exporter and third-largest shipper of wheat, raised its forecast
for farm-export earnings by A$900 million ($764 million) on
optimism of a larger grain crop and higher dairy and beef prices.
The nation may earn A$28.1 billion from sales of commodities
from beef to wool in the year ending June 30, 2008, the
Australian Bureau of Agricultural and Resource Economics said
today in a statement from Canberra. The forecast is 3.3 percent
higher than the bureau's March estimate.
Read more at Bloomberg Commodities News
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