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ABARES Weekly Australian Climate, Water and Agricultural Updates

ABARES Weekly Australian Climate, Water and Agricultural Updates

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

Summary of key issues:

  • During the past few days, parts of northern, central and southern NSW have reportedly recorded their highest daily rainfall event this winter.
  • While, neutral El Niño/Southern Oscillation (ENSO) conditions persist across the tropical Pacific Ocean.
  • General security water allocations have increased in New South Wales for the Murray Valley and the Murrumbidgee Valley.
  • High reliability water allocations have increased in Victoria for the Murray, Goulburn, Loddon and Broken systems.
  • Water storage levels in the Murray–Darling Basin have increased by 388 gigalitres this week and are at 61 per cent of total capacity.
  • The world wheat indicator price (US No. 2 hard red winter, free on board Gulf ports) averaged US$293 a tonne in the week ending 15 July 2014.
  • The Australian grain sorghum indicator price (Sydney) was $331 a tonne in the week ending 15 July 2014.
  • The Queensland young cattle indictor price (330 – 400 kg live weight C3) averaged 330 cents a kilogram in the week ending 11 July 2014.
  • The saleyard indicator price of lamb (18–22kg fat score 2–4) fell in all states in the week ending 11 July 2014.

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.