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ABARES Weekly Australian Climate, Water and Agricultural Updates

ABARES Weekly Australian Climate, Water and Agricultural Updates

Categories: Commodities, Weather

Summary of key issues:

  • During the past week rainfall was recorded in all states and territories.
  • Heavy rainfall in north-central Victoria and southern New South Wales during the past week has reportedly disrupted harvesting activities.
  • There are reports that recent dry seasonal conditions have resulted in feed and water shortages along some stock routes in southeast Australia.
  • Water storage levels in the Murray–Darling Basin have decreased by 196 gigalitres this week and are at 75 per cent of total capacity.
  • The Queensland young cattle indicator price (330 – 400 kg live weight C3) increased by around 2 per cent in the week ending 6 December 2013 to 347 cents a kilogram.
  • Saleyard prices of lambs rose in most states in the week ending 6 December 2013. The largest increase occurred in Western Australia where the indicator price (18–22kg fat score 2–4) rose by around 12 per cent to average 441 cents a kilogram.
  • The Australian Eastern Market indicator price for wool increased by around 2 per cent in the week ending 5 December 2013 to average 1144 cents a kilogram clean. The total number of bales offered at auction was around 5 per cent higher than the previous sale.
  • The world wheat indicator price (US No. 2 hard red winter, free on board Gulf ports) averaged US$310 a tonne in the week ending 10 December 2013, compared with US$318 a tonne in the previous week.

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.