Internet Banking

Farming publications

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 16 March 2016, rainfall was recorded in all states and territories.
  • The rainfall forecast for the next eight days indicates that rain is expected over much 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 157 gigalitres (GL) during the week ending 17 March 2016.
  • The young cattle indicator price (330–400 kg live weight C3) averaged 602 cents a kilogram (dressed weight) in Queensland in the week ending 11 March 2016.
  • The lamb indicator price (18–22 kg fat score 2–4) averaged 517 cents a kilogram (dressed weight) in Victoria in the week ending 11 March 2016.
  • The world wheat indicator price (US No. 2 hard red winter, free on board Gulf ports) was US$213 a tonne in the week ending 15 March 2016.
  • The Australian feed barley indicator price (Sydney) was $224 a tonne in the week ending 16 March 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.