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ABARES Weekly Australian Climate, Water and Agricultural Updates

ABARES Weekly Australian Climate, Water and Agricultural Updates

Categories: Sheep & lambs, Beef, Cropping, Commodities, Weather

Summary of key issues:

  • Rainfall in excess of 15 millimetres fell in a broad north-west to south-east band across the continent during the past week.
  • Long-term rainfall deficiencies have eased slightly across Queensland and New South Wales, but have intensified in parts of South Australia and Western Australia.
  • Water storage levels in the Murray–Darling Basin have decreased by 24 gigalitres this week.
  • The world wheat indicator price (US No. 2 hard red winter, free on board Gulf ports) averaged US$332 a tonne in the week ending 8 April 2014.
  • The Australian grain sorghum indicator price (Sydney) declined by around 1 per cent in the week ending 9 April 2014 to $341 a tonne.
  • The Queensland young cattle indicator price (330 – 400 kg live weight C3) increased by around 5 per cent in the week ending 4 April 2014.
  • Changes to the sale yard prices of lamb were mixed in the week ending 4 April 2014.



Disclaimer: Whilst all care has been taken in compiling the information, the information should not be relied upon as substitute for professional advice where necessary. Rural Bank accepts no responsibility for the accuracy, completeness or timeliness of the information and disclaims all liability in relation to any loss or damage suffered by the use of or reliance upon any information contained herein or in any attachment or annexure hereto by any person. Rural Bank – A Division of Bendigo and Adelaide Bank Limited ABN 11 068 049 178 AFSL 237879