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ABARES Weekly Australian Climate, Water and Agricultural Updates

ABARES Weekly Australian Climate, Water and Agricultural Updates

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

Summary of key issues:

  • During the week ending 10 June 2015 rainfall was mainly restricted to southern Australia.
  • Maximum temperatures were above average over much of northern and western Australia, and average across south eastern Australia during the week ending 9 June 2015.
  • Relative upper layer soil moisture for May 2015 was average or above average across parts of Western Australia and much of south eastern Australia.
  • The forecast for the next eight days indicates that rainfall is likely in all states and territories, with the highest rainfall expected in south eastern Australia.
  • Water storage levels in the Murray–Darling Basin (MDB) increased this week by 97 gigalitres (GL) and are at 40 per cent of total capacity.
  • The wool indicator price (EMI) averaged 1373 cents a kilogram (clean) in the week ending 4 June 2015.
  • Saleyard indicator prices of lamb (18–22kg fat score 2–4) rose in most mainland states in the week ending 5 June 2015.
  • The world wheat indicator price (US No. 2 hard red winter, free on board Gulf ports) averaged US$241 a tonne in the week ending 9 June 2015.
  • The Australian grain sorghum indicator price (Sydney) increased by 3 per cent in the week ending 10 June 2015 to $345 a tonne.
  • The Australian canola indicator price (Portland, Victoria) increased by 8 per cent in the week ending 10 June 2015 to $523 a tonne.

Source: www.daff.gov.au/abares

 

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 Limited 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 Limited ABN 74 083 938 416 AFSL 238042.