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ABARES Weekly Australian Climate, Water and Agricultural Updates

ABARES Weekly Australian Climate, Water and Agricultural Updates

Categories: Weather, Commodities

Summary of key issues:

  • During the past week rainfall was mainly recorded across southern Australia, central Australia, Tasmania, and coastal and south-east Queensland.
  • High maximum and minimum temperatures, up to 6 degrees Celsius above average, continued across large parts of southern Australia this week.
  • The rainfall forecast for the next eight days indicates that falls in excess of 15 millimetres are likely across eastern New South Wales and Victoria, and north-east Tasmania.
  • A drier than normal winter ismore likely for the southern mainland of Australia and parts of the tropical north.
  • Water storage levels in the Murray–Darling Basin have increased by 79 gigalitres this week and are at 54 per cent of total capacity.
  • The worldwheat indicator price (US No. 2 hard red winter, free on board Gulf ports) averaged US$328 a tonne in the week.
  • The Australian grain sorghum indicator price (Sydney) was $349 a tonne in the week ending 27 May 2014.
  • The Queensland young cattle indictor price (330 – 400 kg live weight C3) averaged 333 cents a kilogram in the week.
  • The saleyard prices of lamb rose in most states in the week ending 23 May 2014.



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.