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ABARES Weekly Australian Climate, Water and Agricultural Updates

ABARES Weekly Australian Climate, Water and Agricultural Updates

Categories: Beef, Cropping, Weather, Commodities

Summary of key issues:

  • For the week ending 28 February 2017, maximum temperatures were generally around average for most of Australia.
  • During January 2017 well above average rainfall was recorded over most of Western Australia.
  • The forecast for the next eight days indicates that rainfall in excess of 15 millimetres is expected across most of northern Western Australia.
  • While neutral El Niño-Southern Oscillation (ENSO) conditions persist across the tropical Pacific Ocean, the likelihood of El Niño forming in 2017 has risen.
  • Relative upper layer soil moisture for February 2017 was generally well above average across Western Australia.
  • Water storage levels in the Murray–Darling Basin (MDB) decreased by 332 gigalitres (GL) during the week ending 2 March 2017.
  • Cattle prices are up 4 per cent year on year despite hot and dry conditions putting downward pressure on restocker demand for young cattle.

Source: www.agriculture.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.