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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, Weather, Commodities

Summary of key issues:

  • During the week ending 18 November 2015, rainfall in excess of 25 millimetres was recorded across large parts of northern and eastern Australia.
  • Maximum and minimum temperatures were generally above average across much of Australia during the week ending 17 November 2015.
  • The rainfall outlook for summer indicates that across most of the country there is no strong tendency toward either above or below average summer rainfall.
  • Water storage levels in the Murray–Darling Basin (MDB) decreased by 38 gigalitres (GL) during the week ending 19 November 2015.
  • In New South Wales, high security allocations have increased in the Lower Darling. General security allocations have increased in the Murray Valley and Murrumbidgee Valley.
  • The young cattle indictor price (330–400 kg live weight C3) averaged 593 cents a kilogram (dressed weight) in Queensland in the week ending 13 November 2015.
  • The lamb indicator price (18–22kg fat score 2–4) averaged 477 cents a kilogram (dressed weight) in Victoria in the week ending 13 November 2015.
  • The world wheat indicator price (US No. 2 hard red winter, free on board Gulf ports) averaged US$210 a tonne in the week ending 17 November 2015.
  • The Australian grain sorghum indicator price (Sydney) was $285 a tonne in the week ending 18 November 2015.

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.