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ABARES Weekly Australian Climate, Water and Agricultural Updates

ABARES Weekly Australian Climate, Water and Agricultural Updates

Categories: Sheep & lambs, Cropping, Weather, Commodities

Summary of key issues:

  • During the week ending 1 April 2015 rainfall was mainly recorded across western, northern and eastern Australia.
  • Minimum and maximum temperatures were below average over much of southern Australia during the week ending 31 March 2015.
  • The forecast for the next eight days indicates that rainfall is likely in parts of western and eastern Australia.
  • March 2015 rainfall was highly variable across the continent, ranging from extremely high in the west to severely deficient across parts of south eastern Australia.
  • The past two weeks have seen significant increases in sea surface temperature anomalies across the eastern half of the tropical Pacific.
  • Water storage levels in the Murray–Darling Basin (MDB) decreased this week by 189 gigalitres (GL) and are at 40 per cent of total capacity.
  • The world wheat indicator price (US No. 2 hard red winter, free on board Gulf ports) averaged US$254 a tonne in the week ending 31 March 2015.
  • The Australian grain sorghum indicator price (Sydney) was $320 a tonne in the week ending 31 March 2015.
  • The Queensland young cattle indicator price (330–400 kg live weight C3) averaged 420 cents a kilogram (dressed weight) in the week ending 27 March 2015.
  • The saleyard indicator prices of lamb (18–22kg fat score 2–4) rose in all states in the week ending 27 March 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.