Latest forecasts for Queensland´s primary industries

'Prospects' includes the latest economic forecasts from the Department of Primary Industries and Fisheries for Queensland'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 of 'Prospects update'.

'Prospects update' June 2008 reports on significant changes to forecasts published in the December 2007 and March 2008 editions of 'Prospects update'.

Information contained in this latest update was researched and compiled in May 2008.

Summary of key findings June 2008

The total value of Queensland´s primary industry commodities for 2007-08 is forecast at approximately $12.289 billion, which is 1 % lower than the Department of Primary Industries and Fisheries´ (DPI&F's) final estimate for 2006-07.

Gross value of production (´farm gate´)

• Forecast at $9.435 billion - 1 % lower than final estimates for 2006-07

First-round processing

• Forecast at $2.854 billion - 1 % lower than final estimates for 2006-07

Want more information? Contact the DPI&F Business Information Centre.