Internet Banking

Farming publications

ABARES Weekly Australian Climate, Water and Agricultural Updates

ABARES Weekly Australian Climate, Water and Agricultural Updates

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

Summary of key issues:

  • Little or no rainfall was recorded in large areas of central and southern Australia.
  • Maximum temperatures were between 2°C and 6°C below average in some areas of southern Australia, the Northern Territory and Queensland.
  • Rainfall is likely to be below average across much of Australia during March 2017.
  • The rainfall outlook for March to May 2017 indicates that below average rainfall is likely in most of Australia.
  • Water storage levels in the Murray–Darling Basin (MDB) decreased by 386 gigalitres (GL) during the week ending 23 February 2017.
  • Restocker demand continues to support lamb prices and the eastern states trade lamb indicator price averaged 664 cents a kilogram in the week ending 16 February.
  • The world sugar indicator price averaged US20.5 cents a pound in the week ending 22 February, around 55 per cent higher than the same week in the previous year.



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 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 Adelaide Bank Limited ABN 11 068 049 178 AFSL 237879