Country Report Australia October 1996 Main report

Sectoral trends: Herd rebuilding pulls down agricultural output

The real value of farm, forestry and fishing production dropped by 3.8% (seasonally adjusted) during the second quarter. The decline occurred as farmers moved to increase their herds; there was a 5% fall in the level of livestock slaughtering during the quarter and an increase in seed and fodder inputs. Rural exports fell by 4.1% (balance-of-payments basis, current prices, seasonally adjusted). Agricultural output rose by 22.1% during 1995/96 as a whole, as drought conditions abated.

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