Internet Banking

Farming publications

ABARES Weekly Australian Climate, Water and Agricultural Updates

ABARES Weekly Australian Climate, Water and Agricultural Updates

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

Summary of key issues:

  • During the week ending 22 April 2015 rainfall was recorded across all states and territories, with the heaviest falls restricted to parts of northern and south eastern Australia.
  • Maximum temperatures were predominantly average across northern and eastern Australia during the week ending 21 April 2015.
  • The rainfall outlook for May to July 2015 indicates wetter than average conditions are more likely across most of mainland Australia.
  • The forecast for the next eight days indicates rainfall is likely in south eastern Australia.
  • Water storage levels in the Murray–Darling Basin (MDB) increased this week by 13 gigalitres (GL) and are at 39 per cent of total capacity.
  • The world wheat indicator price (US No. 2 hard red winter, free on board Gulf ports) averaged US$234 a tonne in the week ending 21 April 2015.
  • The Australian grain sorghum indicator price (Sydney) was $320 a tonne in the week ending 22 April 2015.
  • The Queensland young cattle indicator price (330–400 kg live weight C3) averaged 436 cents a kilogram (dressed weight) in the week ending 17 April 2015.
  • The saleyard indicator prices of lamb (18–22kg fat score 2–4) fell across all states in the week ending 17 April 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.