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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, Weather, Commodities

Summary of key issues:

  • During the week ending 12 August 2015, rainfall was mainly recorded across southern Australia.
  • Maximum and minimum temperatures were predominantly below average over much of northern Australia during the week ending 11 August 2015.
  • For the 13-month period July 2014 to July 2015 severe or serious deficiencies remained in a number of areas in northern and central Queensland and across southern Australia.
  • The forecast for the next eight days indicates that rainfall is likely to be restricted to southern Australia and parts of Australia’s eastern coastline.
  • Water storage levels in the Murray–Darling Basin (MDB) increased this week by 173 gigalitres (GL) and are at 46 per cent of total capacity.
  • In New South Wales, general security allocations increased in the Murrumbidgee, Macquarie and Cudgegong, Lachlan, and Gwydir Valleys.
  • In Victoria, high reliability allocations increased in the Murray, Goulburn and Loddon Valleys.
  • The young cattle indicator price (330–400 kg live weight C3) averaged 505 cents a kilogram in Queensland in the week ending 7 August 2015.
  • The lamb indicator price (18–22kg fat score 2–4) averaged 570 cents a kilogram (dressed weight) in Victoria in the week ending 7 August 2015.
  • The world wheat indicator price (US No. 2 hard red winter, free on board Gulf ports) averaged US$219 a tonne in the week ending 11 August 2015.
  • The Australian grain sorghum indicator price (Sydney) was $326 a tonne in the week ending 12 August 2015.

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.