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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:

  • Rainfall was recorded in all states and territories during the week ending 13 April 2016.
  • For the week ending 12 April 2016, maximum and minimum temperatures were above average across much of Australia.
  • The forecast for the next eight days indicates that rainfall is expected in most coastal areas of Australia.
  • Key indicators suggest the 2015-16 El Niño in the tropical Pacific Ocean continues to weaken.
  • Water storage levels in the Murray–Darling Basin (MDB) decreased by 108 gigalitres (GL) during the week ending 14 April 2016.
  • The young cattle indicator price (330-400 kg live weight C3) averaged 539 cents a kilogram (dressed weight) in Queensland in the week ending 8 April 2016.
  • The lamb indicator price (18-22kg fat score 2-4) averaged 533 cents a kilogram (dressed weight) in Victoria in the week ending 8 April 2016.
  • The world wheat indicator price (US No. 2 hard red winter, free on board Gulf ports) was US$196 a tonne in the week ending 12 April 2016.

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.