Close Menu
  • Home
  • News
    • Celebrity
    • Business
    • World News
    • Shopping
  • Real Estate
  • Travel
    • Visa & Immigration
    • Nature
  • Sport
    • Manchester United
    • Manchester City
    • Liverpool
    • Chelsea
  • Tech
  • Contact Us

Subscribe to Updates

Get the latest creative news from FooBar about art, design and business.

What's Hot

Thai Army Condemns Cambodia’s Border Actions as Humanitarian Violations

August 2, 2025

Thai Army Reaffirms Sovereignty Amid Cambodian Border Violations

August 2, 2025

Thai Authorities Probe Leaked Call Between PM and Hun Sen

August 2, 2025
Facebook X (Twitter) Instagram
Facebook X (Twitter) Instagram
Phuket Time NewsPhuket Time News
Donate
  • Home
  • News
    • Celebrity
    • Business
    • World News
    • Shopping
  • Real Estate
  • Travel
    • Visa & Immigration
    • Nature
  • Sport
    • Manchester United
    • Manchester City
    • Liverpool
    • Chelsea
  • Tech
  • Contact Us
Phuket Time NewsPhuket Time News
Home»Business»Australia cuts commodity revenue forecast after price fall
Business

Australia cuts commodity revenue forecast after price fall

Ashley WingsBy Ashley WingsSeptember 30, 2024No Comments8 Views
Facebook Twitter Pinterest LinkedIn WhatsApp Reddit Tumblr Email
Share
Facebook Twitter LinkedIn Pinterest Email

SYDNEY, Sept 30 (Reuters) – Australia on Monday slightly cut its commodity and energy export revenue forecasts as broad-based commodity price falls and a stronger currency continue to weigh on key government revenue sources.

Australia now expects commodity export revenue to fall to A$372 billion ($256 billion) in the year ending June 30, 2025, down about 10 percent from the A$380 billion forecast in June, according to its official raw materials and energy quarterly report. Revenues reached A$415 billion last year.

The decline is expected to continue, albeit more slowly, through 2026, reaching A$354 billion.

Slowing economic growth in developed countries due to rising interest rates and a slowdown in China, a major source of demand for steel and other raw materials, have led to the decline in commodity prices, the report said. Australia’s largest iron ore exporter has been particularly hard hit by a slowdown in China’s property sector, with prices falling by about a third this year.

The country forecasts iron ore export revenues to fall to A$99 billion in the year to June 30, 2026, from A$138 billion last year.

Prices fell across most of the basket of commodities covered in the report, including metals important for the energy transition such as nickel and lithium.

Falling prices due to a surge in supplies from Indonesia have forced some Australian nickel mines to close.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Telegram Email
Ashley Wings

Related Posts

Thai Army Condemns Cambodia’s Border Actions as Humanitarian Violations

August 2, 2025

Thai Army Reaffirms Sovereignty Amid Cambodian Border Violations

August 2, 2025

Thai Authorities Probe Leaked Call Between PM and Hun Sen

August 2, 2025

Recent Posts

  • Thai Army Condemns Cambodia’s Border Actions as Humanitarian Violations
  • Thai Army Reaffirms Sovereignty Amid Cambodian Border Violations
  • Thai Authorities Probe Leaked Call Between PM and Hun Sen
  • Thai Military Halts Border Drone Flights Amid Ongoing Evacuations
  • Malaysian Attaché Witnesses Devastation from Thai-Cambodian Border Clashes
Top Posts

Google AdX Business: Maximizing Revenue with Programmatic Advertising

January 20, 2025386

Arsenal Closing In on Gyokeres as Striker “Expects” Emirates Move

June 20, 2025365

Thailand Unveils First-Ever Pterosaur Fossil Discovery

June 22, 2025354

Erawan Shrine: A Beacon of Spiritual Harmony in Bangkok

March 5, 2025325
Don't Miss
News

Thai Army Condemns Cambodia’s Border Actions as Humanitarian Violations

By WadiAugust 2, 20250

Exposing Cambodian Aggression Eight Violations Highlighted On August 1, 2025, the Royal Thai Army’s “SMART…

Thai Army Reaffirms Sovereignty Amid Cambodian Border Violations

August 2, 2025

Thai Authorities Probe Leaked Call Between PM and Hun Sen

August 2, 2025

Thai Military Halts Border Drone Flights Amid Ongoing Evacuations

August 2, 2025
Stay In Touch
  • Facebook
  • Twitter
  • Pinterest
  • Instagram
  • YouTube
  • Vimeo

Subscribe to Updates

Get the latest creative news from SmartMag about art & design.

About Us

Your Best Magazine In Phuket

Facebook X (Twitter) Pinterest YouTube WhatsApp
Our Picks

Thai Army Condemns Cambodia’s Border Actions as Humanitarian Violations

August 2, 2025

Thai Army Reaffirms Sovereignty Amid Cambodian Border Violations

August 2, 2025

Thai Authorities Probe Leaked Call Between PM and Hun Sen

August 2, 2025
Most Popular

Google AdX Business: Maximizing Revenue with Programmatic Advertising

January 20, 2025386

Arsenal Closing In on Gyokeres as Striker “Expects” Emirates Move

June 20, 2025365

Thailand Unveils First-Ever Pterosaur Fossil Discovery

June 22, 2025354
© 2025 Phuket Times News.
  • Privacy Policy
  • Terms & Conditions
  • About Us

Type above and press Enter to search. Press Esc to cancel.