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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, Weather, Commodities

Summary of key issues:

  • In the week ending 29 October 2014, rainfall was restricted mostly to southern Australia.
  • The November rainfall outlook suggests that drier than average conditions are more likely over much of the northern half of Australia.
  • The three-month rainfall outlook indicates that it is likely to be drier than average from November 2014 to January 2015 in northern and eastern Australia.
  • October 2014 rainfall was severely deficient to below average across much of Australia.
  • In the week ending 12 November 2014, rainfall was recorded across large areas of Western Australia, northern areas of the Northern Territory, south-east, central and northern Queensland, north-eastern New South Wales and Tasmania.
  • Below-average October rainfall across much of eastern Australia has increased the area of serious and severe rainfall deficiencies in southern New South Wales, western and northern Victoria and much of southern South Australia.
    Rainfall deficiencies for the 25-month period (1 October 2012 to 31 October 2014) remain in an area spanning much of Queensland, smaller areas in the Northern Territory, South Australia, and northern New South Wales.
  • Water storage levels in the Murray–Darling Basin (MDB) decreased this week by 274 gigalitres (GL) and are at 60 per cent of total capacity.
  • The world wheat indicator price (US No. 2 hard red winter, free on board Gulf ports) averaged US$279 a tonne in the week ending 11 November 2014.
  • The Australian grain sorghum indicator price (Sydney) was $318 a tonne in the week ending 12 November 2014, around 5 per cent higher than the previous week.
  • The Queensland young cattle indictor price (330–400 kg live weight C3) averaged 351 cents a kilogram in the week ending 7 November 2014.
  • Changes in the saleyard indicator price of lamb (18–22kg fat score 2–4) were mixed across the states in the week ending 7 November 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 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.