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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 19 August 2015, rainfall in excess of 25 millimetres was recorded in south west Western Australia, parts of southern Victoria and western Tasmania.
  • Maximum and minimum temperatures were predominantly below average to average over much of central and eastern Australia during the week ending 18 August 2015.
  • The 2015 El Niño in the tropical Pacific has continued to strengthen over the past fortnight.
  • Water storage levels in the Murray–Darling Basin (MDB) increased during the week ending 20 August 2015 by 64 gigalitres.
  • In New South Wales, high security allocations increased in the Murray Valley.
  • In Victoria, high reliability allocations increased in the Murray, Goulburn and Loddon Valleys.
  • The Global Dairy Trade (GDT) weighted average price of anhydrous milk fat increased by 21 per cent to US$2 724 a tonne on 18 August 2015.
  • The young cattle indictor price (330–400 kg live weight C3) averaged 526 cents a kilogram in Queensland in the week ending 14 August 2015.
  • The lamb indicator price (18–22kg fat score 2–4) averaged 591 cents a kilogram (dressed weight) in Victoria in the week ending 14 August 2015.
  • The world wheat indicator price (US No. 2 hard red winter, free on board Gulf ports) averaged US$217 a tonne in the week ending 18 August 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 - A Division of Bendigo and Adelaid Bank ABN 11 068 049 178 AFSL/Australian Credit Licence 237879.