Australia's resources and energy commodity export earnings increased 12 per cent in 2013-14 to total $195 billion, The Resources and Energy Quarterly-September Quarter 2014, released in September by the Bureau of Resources and Energy Economics (BREE), reported continued growth in volumes and a more favourable exchange rate offset lower commodity prices for most commodities. In 2014-15, Australia's mineral and energy commodity export earnings are forecast to decrease 1.4 per cent and to total $192 billion. Export volumes are forecast to continue to grow but softer commodity prices as a result of ongoing oversupply in key markets will weigh on prices.
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