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Newcastle Herald

Business

Matthew Kelly

Port of Newcastle trade value down by 32 per cent as coal price drops

Port of Newcastle Coal Newcastle Port Craig Carmody

A coal ship enters Newcastle. Picture by Peter Lorimer

Shifting weather patterns and a fall in the price of coal saw the total value of trade at the Port of Newcastle drop by 32 per cent last year.

The volume of coal, the port's primary export, increased by 6 per cent from 136.2 million tonnes in 2022 to 144.4 million tonnes in 2023.

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