SYDNEY — Australia's government expects revenue from the country's resource exports to fall 10% this fiscal year amid falling prices for commodities such as iron ore and coal, although the latest round of economic stimulus in key customer China could boost demand for the staple. minerals.
In its quarterly commodity forecast released on Monday, the Department of Industry, Science and Resources predicted the country would earn A$372 billion ($258 billion) in commodity exports in the year ending next June – slightly below its estimate of AU$380. billion three months ago.