Canberra, June 30 -- The value of Australia's commodity exports is expected to fall by 8.5 percent over the next two years as a result of global trade barriers, according to a government report.
The latest resources and energy quarterly (REQ) report, which was published on Monday by the Department of Industry, Science and Resources, forecast a modest rise in commodity export volumes over the next two years but said that earnings are expected to fall.
The report projected that the total value of Australia's commodities exports will fall by 8.5% from AUD 385 billion (USD 251.7 billion) in 2024-25 to AUD 352 billion (USD 230.1 billion) in 2026-27.
It said that rising trade barriers and "uncertainty" over how high they will settle h...