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.

'Prospects update' March 2009 reports on significant changes to forecasts published in the September 2008 edition of 'Prospects' for 2008-09.

Information contained in this report was researched and compiled in February-March 2009.

Summary of key findings March 2009

The total value of Queensland´s primary industry commodities for 2008-09 is forecast at approximately $13.04 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 $10.03 billion - 5% higher than final estimates for 2007-08

First-round processing

• Forecast at $3.01 billion - 5% higher than final estimates for 2007-08

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