Territory Stories

Budget Paper No5 Northern Territory Economy 1998/99

Details:

Title

Budget Paper No5 Northern Territory Economy 1998/99

Other title

Tabled Paper 382

Collection

Tabled papers for 8th Assembly 1997 - 2001; Tabled papers; ParliamentNT

Date

1998-04-28

Description

Tabled by Michael Reed

Notes

Made available by the Legislative Assembly of the Northern Territory under Standing Order 240. Where copyright subsists with a third party it remains with the original owner and permission may be required to reuse the material.

Language

English

Subject

Tabled papers

File type

application/pdf

Use

Copyright

Copyright owner

See publication

License

https://www.legislation.gov.au/Series/C1968A00063

Parent handle

https://hdl.handle.net/10070/295415

Citation address

https://hdl.handle.net/10070/395002

Page content

The total value of grain crops (sorghum, maize, rice, sesame, soybeans and sunflower) declined from $0.5 million in 1995-96 to $0.4 million in 1996-97. In future years this amount is expected to be supplemented by the additional areas of grain crops, especially higher value crops such as peanuts. The extension of the Ord River Irrigation Project into the Territory is expected to see a world-class sugar plantation developed in the Territory. A consortium comprising Wesfarmers and Marubeni has been awarded sole development rights for the $400 million project and are now in the process of developing a final development proposal. They expect to commence sugar cane harvesting from 2002, with full production commencing in 2004. The consortium anticipates that the development will directly create 400 new jobs, with a further 1 200 positions generated by the flow on benefits arising from the project. HORTICULTURE Horticulture production registered strong growth in 1997, due to a significant increase in the production of mangoes, bananas and table grapes during the year. The total value of horticulture production in 1997 (including the nursery and cut flower industry) is estimated at approximately $57.7 million, compared to $46.0 million in 1996, an increase of 25%. An estimated 80% of Territory horticultural production (in value terms) was exported interstate in 1997, while 5% was exported overseas and 15% was consumed within the Territory. Most Territory horticultural commodities achieved good prices over 1997, especially mangoes, bananas, rambutans and most vegetables. Mango production during 1997 jumped by approximately 52%, from 5 357 tonnes in 1996 to 8 158 tonnes in 1997, a record production for the Territory. In general, mango quality in 1997 has improved partly due to the Quality Assurance scheme run by the Northern Territory Horticulture 58 Northern Territory Economy 0 10 20 30 40 50 60 1990 1991 1992 1993 1994 1995 1996 1997 Nursery and Cut Flowers Bananas Table Grapes Vegetables and Other Fruit Mangoes $ million Figure 10.3 HORTICULTURE PRODUCTION Source: Department of Primary Industry and Fisheries


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