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ABARES Weekly Australian Climate, Water and Agricultural Updates

ABARES Weekly Australian Climate, Water and Agricultural Updates

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

Summary of key issues:

  • During the week ending 31 August 2016, rainfall was recorded in much of eastern, central and western Australia.
  • Maximum and minimum temperatures were close to average across much of Australia for the week ending 30 August 2016.
  • Relative upper and lower layer soil moisture for August 2016 was generally well above average across much of Australia.
  • The forecast for the next eight days indicates that rainfall is expected across much of central and eastern Australia.
  • The chance of an early northern rainfall onset this year is high for the tropical far north of Australia.
  • Water storage levels in the Murray–Darling Basin (MDB) increased by 671 gigalitres (GL) during the week ending 1 September 2016.
  • In New South Wales, general security water allocations increased in the Murray and Murrumbidgee systems.
  • The young cattle indicator price (330–400 kg live weight C3) averaged 606 cents a kilogram in Queensland in the week ending 26 August 2016.
  • The lamb indicator price (18–22kg fat score 2–4) averaged 580 cents a kilogram (dressed weight) in Victoria in the week ending 26 August 2016.
  • The world wheat indicator price (US No. 2 hard red winter, free on board Gulf ports) was US$183 a tonne in the week ending 30 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.