AUSTRALIA: Government bureau predicts 13% fall in farm exports
The severe drought in Australia is expected to cut farm exports by 13% this fiscal year, according to the government's economic forecaster. The Australian Bureau of Agricultural and Resource Economics has estimated that export earnings from farm products such as wheat, sheep and beef will drop to A$27.1bn (US$15.3bn) in the year ending 30 June 2003 from $30.6bn in the previous year.
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