Territory Stories

Budget 2013/14 Northern Territory Economy

Details:

Title

Budget 2013/14 Northern Territory Economy

Other title

Tabled paper 295

Collection

Tabled papers for 12th Assembly 2012 - 2016; Tabled papers; ParliamentNT

Date

2013-05-14

Description

Tabled by David Tollner

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

Publisher name

Department of the Treasury and Finance

File type

application/pdf

Use

Copyright

Copyright owner

See publication

License

https://www.legislation.gov.au/Details/C2019C00866

Parent handle

https://hdl.handle.net/10070/273751

Citation address

https://hdl.handle.net/10070/426369

Page content

158 Agriculture, Forestry and Fishing 2013-14 Budget Forestry Forestry is a developing industry in the Territory. The Tiwi Land Council commenced management of a forestry plantation on Melville Island following the withdrawal of GreatSouthern Limited in 2009. The plantation is mainly Acacia mangium (black wattle), with a smaller plantation of Pinuscaribaea (hard pine). There are 29 000 hectares of blackwattle and 900 hectares of hard pine with the first harvest expected in 201314. The TiwiLandCouncil expects the products to be exported to China and Japan. Outlook The following outlook is based on information provided by industry and DPIF. Agriculture, forestry and fishing production is volatile, as it is highly influenced by climatic conditions together with external supply and demand factors. This outlook section focuses on nonclimatic issues that may impact on the industry in the forward estimate years to 201617. Livestock There are a number of variables that will impact on cattle production in the forward estimates to 201617. The number of permits issued by Indonesia for future imports (267 000 in 2013) remains well below the historic highs achieved in 2009 and suggests that the number of cattle exports to Indonesia will continue to be constrained in the near future (Chart12.6). The outlook for live cattle exports from the Territory will depend on the ability of the industry to develop other export markets. Meat prices have increased substantially in Indonesia over the past couple of years due to supply shortages driven by the reduction in export permits and weight restrictions. 1 Moving quarterly total Source: DPIFs Pastoral Market Update In the medium term, there is potential in developing other international markets for live exports, particularly to Vietnam. Territory live exports to Vietnam increased significantly in 201213, although from a small base, with growth expected to continue in coming years. There is also potential for China to become a significant market due to its large and growing middle class. In the near term, however, producers expect Indonesia to remain the Cattle Chart 12.6: Live Cattle Exports to Indonesia from the Port of Darwin as at 31March20131 0 10 20 30 40 50 60 70 80 90 100 08 09 10 11 12 13 Number (000) Year ended June Quarterly average


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