Internet Banking

Farming publications

ABARES Weekly Australian Climate, Water and Agricultural Updates

ABARES Weekly Australian Climate, Water and Agricultural Updates

Categories: Commodities, Weather, Sheep & lambs, Cropping

Summary of key issues:

  • Rainfall in excess of 50 millimetres was recorded in the northwest of Western Australia and in parts of Tasmania.
  • The three-month rainfall outlook (August to October) indicates that drier than normal conditions are more likely for northern Queensland and parts of southeast Australia.
  • Water storage levels in the Murray–Darling Basin have increased by 428 gigalitres this week and are at 63 per cent of total capacity.
  • The world wheat indicator price (US No. 2 hard red winter, free on board Gulf ports) averaged US$286 a tonne in the week ending 22 July 2014.
  • The Australian grain sorghum indicator price (Sydney) was $323 a tonne in the week ending 22 July 2014, around 2 per cent lower than the previous week.
  • The Queensland young cattle indictor price (330 – 400 kg live weight C3) averaged 323 cents a kilogram in the week ending 18 July 2014, around 2 per cent lower than the previous week.
  • Changes in the saleyard indicator price of lamb (18–22kg fat score 2–4) were mixed across the states in the week ending 18 July 2014, compared with the previous week.

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.