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ABARES Weekly Australian Climate, Water and Agricultural Updates

ABARES Weekly Australian Climate, Water and Agricultural Updates

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

Summary of key issues:

  • During the week ending 27 May 2015 rainfall was mainly recorded across parts of Western Australia, parts of coastal and southern Queensland, northern and eastern New South Wales, Victoria, Tasmania and isolated areas of Australia’s southern coastline.
  • Maximum and minimum temperatures were average over much of Australia during the week ending 26 May 2015.
  • The winter 2015 rainfall outlook suggests there is an increased chance of wetter than average conditions across parts of Western Australia.
  • The Bureau of Meteorology has advised that the El Niño in the tropical Pacific continues to strengthen.
  • The forecast for the next eight days indicates that rainfall is likely in a band across central Australia, parts of coastal and inland Northern Territory, and parts of south eastern Australia.
  • Water storage levels in the Murray–Darling Basin (MDB) increased this week by 66 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$242 a tonne in the week ending 26 May 2015.
  • The Australian grain sorghum indicator price (Sydney) was $328 a tonne in the week ending 27 May 2015.
  • The New South Wales young cattle indicator price (330–400 kg live weight C3) averaged 538 cents a kilogram (dressed weight) in the week ending 22 May 2015.
  • The saleyard indicator prices of lamb (18–22kg fat score 2–4) rose in most states in the week ending 22 May 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.