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ABARES Weekly Australian Climate, Water and Agricultural Updates

ABARES Weekly Australian Climate, Water and Agricultural Updates

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

Summary of key issues:

  • Unseasonal heavy rainfall across southern Western Australia has resulted in localised flooding.
  • Water storage levels in the Murray–Darling Basin (MDB) decreased by 350 gigalitres (GL) during the week ending 16 February 2017.
  • In Victoria, low reliability allocations have increased in the Murray Valley system.
  • Most Australian grain and canola indicator prices rose in the second week of February 2017 following gains in world prices.
  • Low goat supplies are driving over the hooks goat prices higher.
  • Indicator prices for cattle and sheep all fell in the week ending 10 February 2017.



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 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 – A Division of Bendigo and Adelaide Bank Limited ABN 11 068 049 178 AFSL 237879