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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 24 June 2015, widespread rainfall was received across the southern half of Australia.
  • The widespread rain over large areas of south western Western Australia and parts of eastern Australia this week has brought timely moisture for the growth of winter crops and pastures.
  • Maximum and minimum temperatures were average over much of Australia during the week ending 23 June 2015.
  • The rainfall outlook for July to September 2015 indicates that drier than average conditions are more likely in southern parts of south eastern Australia.
  • The forecast for the next eight days indicates that rainfall is likely to be restricted to light falls in southern and eastern Australia.
  • Water storage levels in the Murray–Darling Basin (MDB) increased this week by 127 gigalitres (GL) and are at 41 per cent of total capacity.
  • The world wheat indicator price (US No. 2 hard red winter, free on board Gulf ports) averaged US$230 a tonne in the week ending 23 June 2015.
  • The Australian grain sorghum indicator price (Sydney) was $338 a tonne in the week ending 24 June 2015, largely unchanged from the previous week.
  • The Queensland young cattle indicator price (330–400 kg live weight C3) averaged 479 cents a kilogram (dressed weight) in the week ending 19 June 2015.
  • The saleyard indicator price of lamb (18–22kg fat score 2–4) fell in all states in the week ending 19 June 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.