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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, Dairy, Weather, Commodities

Summary of key issues:

  • In the week ending 17 September 2014, the majority of Australia received little to no rainfall.
  • The grain harvest in parts of Western Australia is expected to start this week after ongoing dry conditions.
  • Water storage levels in the Murray–Darling Basin (MDB) increased this week by 92 gigalitres (GL) and are at 68 per cent of total capacity.
  • General security allocations have increased in New South Wales for the Murray and Murrumbidgee Valleys.
  • The world wheat indicator price (US No. 2 hard red winter, free on board Gulf ports) averaged US$274 a tonne in the week ending 16 September 2014.
  • The Global Dairy Trade (GDT) weighted average price of cheddar cheese fell by 6 per cent to US$3077 a tonne on 16 September 2014.
    The Australian grain sorghum indicator price (Sydney) was $319 a tonne in the week ending 17 September 2014.
  • The Queensland young cattle indictor price (330–400 kg live weight C3) averaged 359 cents a kilogram in the week ending 12 September 2014.
  • The saleyard indicator price of lamb (18–22kg fat score 2–4) rose in most states in the week ending 12 September 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.