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:

  • For the week ending 16 August 2016, maximum and minimum temperatures were close to average for much of Australia.
  • The forecast for the next eight days indicates that rainfall is expected across much of southern and eastern Australia.
  • El Niño–Southern Oscillation indicators in the Pacific Ocean remain at neutral levels, though the possibility of a weak La Niña in 2016 remains.
  • Water storage levels in the Murray–Darling Basin (MDB) increased by 241 gigalitres (GL) during the week ending 18 August 2016.
  • In New South Wales, general security water allocations increased in the Murray, Murrumbidgee, and Peel systems.
  • The young cattle indicator price (330–400 kg live weight C3) averaged 635 cents a kilogram in Queensland in the week ending 12 August 2016.
  • The lamb indicator price (18–22kg fat score 2–4) averaged 620 cents a kilogram (dressed weight) in Victoria in the week ending 12 August 2016.
  • The world wheat indicator price (US No. 2 hard red winter, free on board Gulf ports) was US$192 a tonne in the week ending 16 August 2016.

Source: www.agriculture.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.