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

Agriculture, Forestry and Fishing 159 Northern Territory Economy main market due to the difficulties and high costs associated with meeting the requirements set out by the ESCAS, particularly in new markets. The AACo abattoir under construction near Darwin has the potential to provide Territory producers with an alternative to the live export trade internationally and interstate. At full capacity, the facility is anticipated to process more than 1000 head of cattle aday, mainly cows and steers that are not suitable for the live cattle trade, such as those weighing over 350kilograms and nonbreeding heifers. AACo reports that the beef products processed at the plant are intended for cuts and ground beef markets in the US, Asia and Europe. The Indigenous Pastoral Program, which commenced in 2003, works with Aboriginal traditional land owners to increase pastoral production. Since the program commenced, about 24 000 square kilometres of land has been converted into pastoral production, with an increase of 90 000 head of cattle on Indigenous land as well as more than 60 jobs, and there is potential for further growth in this market. The live buffalo trade is expected to slow in the future with producers developing ESCAS for cattle production rather than buffalo stock. Nevertheless, production may increase in coming years with buffalo expected to be sent for slaughter to the new AACo abattoir. The crocodile industry is expected to continue growing as a result of the increase in the egg harvest quotas to 70 000 in 201314 and the continued growth in global demand for crocodile products. DPIF expects pearl production in the Territory to decrease in 201314, as the industry rationalises production due to declining demand, then remain stable through to 201617. Other aquaculture production is expected to remain stable between 201314 to 201617, although mud crab production may be below average in 201314 given the relatively dry 201213 wetseason. Offshore snapper fisheries are expected to stabilise as the new management structure completed in February 2012 comes into effect. Commercial catch of coastal reef fish species such as black jewfish and golden snapper may decrease marginally in 201314 if new proposed management arrangements aimed at maintaining stocks at sustainable levels are implemented in July 2013. Growth in the horticultural sector is expected to remain stable in the medium term. Mango production is expected to continue expanding in the next few years mainly due to growth in the Katherine region, which will increasingly account for a larger proportion of total production in the Territory. Research continues into new varieties with the aim of increasing yields. Nevertheless, this is not expected to have a material impact on production over the forward estimate years due to the long lead times between planting and cultivation. Banana production is expected to remain stable but continues to be constrained by outbreaks of Panama disease. However, Queensland is testing new banana species resistant to the disease that, if successful, could lead to resurgence in banana production in the Territory. Other Livestock Fishing Horticulture


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