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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:

  • Over the past week, rainfall in excess of 25 millimetres was mainly recorded across the tropical north and south-east of the continent.
  • The rainfall forecast for the coming eight days indicates that falls in excess 25 millimetres are likely across much of eastern Australia.
  • With the onset of autumn, there has been a shift to milder conditions with both daytime and night-time temperatures on the decline across southern Australia.
  • Water storage levels in the Murray–Darling Basin have decreased by 152 gigalitres this week and are at 53 per cent of total capacity.
  • The world wheat indicator price (US No. 2 hard red winter, free on board Gulf ports) averaged US$334 a tonne in the week ending 18 March 2014, compared with US$319 a tonne in the previous week.
  • The sale yard prices of lamb rose in all states in the week ending 14 March 2014. The largest increase occurred in South Australia
  • The Queensland young cattle indicator price (330 – 400 kg live weight C3) increased by around 2 per cent in the week ending 14 March 2014 to 319 cents a kilogram.



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