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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 29 June 2016 rainfall was mainly restricted to the southern half of Australia.
  • For the week ending 28 June 2016, maximum temperatures were below average across much of southern Australia.
  • The latest ‘National Climate Outlook’ released by the Bureau of Meteorology indicates that above average rainfall is more likely across most of Australia for the period July to September 2016.
  • The forecast for the next eight days indicates that rainfall is likely to be restricted to the southern half of Australia.
  • Water storage levels in the Murray–Darling Basin (MDB) increased by 649 gigalitres (GL) during the week ending 30 June 2016.
  • The young cattle indicator price (330–400 kg live weight C3) averaged 600 cents a kilogram (dressed weight) in Queensland in the week ending 24 June 2016.
  • The lamb indicator price (18–22kg fat score 2–4) averaged 622 cents a kilogram (dressed weight) in Victoria in the week ending 24 June 2016.
  • The world wheat indicator price (US No. 2 hard red winter, free on board Gulf ports) was US$189 a tonne in the week ending 28 June 2016.

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.