Australian Water Trade Rises to A$1.6 Billion on Higher Rainfall
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The value of water trading in Australia rose 6.7 percent in the year ended June amid above-average rainfall in the eastern part of the country, according to the National Water Commission.
The estimated value of the Australian water market increased to A$1.6 billion ($1.67 billion) in 2011-2012, from A$1.5 billion a year earlier, the Canberra-based commission said today in a statement. Trading in water allocations and entitlements rose 23 percent and 10 percent respectively.