Latest forecasts for Queensland´s primary industries

'Prospects' includes the latest economic forecasts from Queensland Primary Industries and Fisheries for the state's food, fibre and foliage industries.

The report provides gross value of production forecasts for each of Queensland's major primary industry commodities, as well as forecasts for first-round processing activities. The main edition of 'Prospects' contains initial forecasts for the financial year and is published in September.

These forecasts are then updated during the year. Changes to the initial forecasts are reported in the subsequent December and March editions of 'Prospects update' with the final forecasts for the financial year provided in the June edition.

Summary of key findings June 2009

The total value of Queensland´s primary industry commodities for 2008-09 is forecast at approximately $13.02 billion, which is 5% higher than the Queensland Primary Industries and Fisheries´ (QPIF's) final estimate for 2007-08.

Gross value of production (´farm gate´)

• Forecast at $10.06 billion - 6% higher than final estimates for 2007-08

First-round processing

• Forecast at $2.96 billion - 3% higher than final estimates for 2007-08

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