Economic Calendar

Monday, December 15, 2008

Australia’s 2008-2009 Commodity Production Forecast (Table)

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By Daniel Petrie

Dec. 15 (Bloomberg) -- The Australian Bureau of Agricultural & Resource Economics in Canberra released its latest forecast for Australia’s commodity production.

The table below compares the bureau’s forecasts for production in the years ending June 30, 2008, and June 30, 2009, as well as the bureau’s September forecast for the year ending June 30, 2009.

All figures are in thousands of metric tons unless stated otherwise.


===============================================================================
2007- 2008- % Previous 2009 %
2008 2009 change forecast change
===============================================================================
Grains and oilseeds
Wheat 13,039 19,969 53.1% 22,460 -11.1%
Barley 5,920 6,361 7.5% 7,836 -18.8%
Oats 843 1,184 40.5% 1,370 -13.6%
Canola 1,065 1,325 24.4% 1,647 -19.6%
===============================================================================
2007- 2008- % Previous 2009 %
2008 2009 change forecast change
===============================================================================
-------------------------------------------------------------------------------
Industrial crops
Cotton lint 133 281 111.9% 272 3.4%
Sugar cane 35,011 32,500 -7.2% 34,668 -6.3%
Sugar 4,763 4,568 -4.1% 4,907 -6.9%
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Livestock slaughterings
Number slaughtered (’000 head)
Cattle and calves 8,799 8,700 -1.1% 8,700 0.0%
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Livestock products
Wool 441 401 -8.9% 424 -5.3%
Milk (mln liters) 9,223 9,360 1.5% 9,375 -0.2%
Butter 128 130 1.9% 130 0.1%
Cheese 359 365 1.6% 365 0.0%
Casein 10 11 5.0% 11 -3.2%
Skim milk powder 164 167 1.6% 167 -0.1%
===============================================================================
2007- 2008- % Previous 2009 %
2008 2009 change forecast change
===============================================================================
Wholemilk powder 142 144 1.4% 144 -0.2%
Buttermilk powder 13 16 26.8% 16 0.0%
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Energy
Coal (mln tons)
Black, salable 325 340 4.7% 347 -1.9%
Black, raw 417 436 4.7% 431 1.2%
Brown 72 73 0.7% 73 0.0%
Petroleum
Crude oil, condensate 25,537 26,998 5.7% 26,732 1.0%
(mln liters)
Petroleum products 44,086 44,360 0.6% 44,215 0.3%
(mln liters)
Natural gas 44 49 11.5% 48 1.1%
(bln cubic feet)
LPG (mln liters) 3,971 4,252 7.1% 4,400 -3.4%
Uranium (tons) 10,151 10,589 4.3% 10,380 2.0%
===============================================================================
2007- 2008- % Previous 2009 %
2008 2009 change forecast change
===============================================================================
-------------------------------------------------------------------------------
Metalliferous minerals and metals
Aluminium
Bauxite 63 64 0.2% 63 1.6%
Alumina 19,359 20,312 4.9% 20,167 0.7%
Aluminium (ingot metal) 1,964 1,960 -0.2% 1,966 -0.3%
Copper
Mine production 863 924 7.2% 1,027 -10.0%
Refined, primary 444 508 14.2% 526 -3.6%
Gold (tons)
Mine production 227 224 -1.4% 236 -5.0%
Refined, Australian 195 327 67.7% 375 -13.0%
Refined, overseas 169 152 -10.0% 152 0.0%
Iron and steel
Ore and concentrate 325 327 0.7% 387 -15.5%
Iron and steel 8 8 -3.0% 8 -6.3%

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2007- 2008- % Previous 2009 %
2008 2009 change forecast change
===============================================================================
Lead
Mine production 641 574 -10.5% 600 -4.3%
Refined 203 206 1.4% 200 2.9%
Bullion 152 164 8.4% 160 2.8%
Manganese
Ore, metallurgical grad 5,436 4,433 -18.5% 5,340 -17.0%
Nickel
Mine production 190 219 14.9% 236 -7.5%
Total ore processed 223 257 15.3% 268 -4.4%
Silver (tons)
Mine production 1,867 1,866 0.0% 1,975 -5.5%
Refined 605 663 9.5% 663 0.0%
Tin (tons)
Mine production 1,631 1,802 10.5% 9,500 -81.0%
Refined 0 50 n/a 50 0.0%


===============================================================================
2007- 2008- % Previous 2009 %
2008 2009 change forecast change
===============================================================================
Zinc
Mine production 1,571 1,425 -9.3% 1,491 -4.4%
Refined 507 500 -1.5% 499 0.2%
===============================================================================

Source: Australian Bureau of Agricultural and Resource Economics

To contact the reporter on this story: Daniel Petrie in Sydney at dpetrie5@bloomberg.net




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