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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:

  • While rainfall was recorded across all states and territories during the week ending 30 March 2016.
  • Widespread rainfall across most cropping regions in Western Australia has provided a further boost to soil moisture levels.
  • For the week ending 29 March 2016, maximum temperatures were above average across much of northern Australia.
  • The 2015-16 El Niño continues to decline in the tropical Pacific and models suggest a return to neutral levels by mid-2016.
  • The forecast for the next eight days indicates that little or no rainfall is expected for much of Australia.
  • Water storage levels in the Murray–Darling Basin (MDB) decreased by 126 gigalitres (GL) during the week ending 31 March 2016.
  • The young cattle indicator price (330–400 kg live weight C3) averaged 536 cents a kilogram (dressed weight) in Queensland in the week ending 25 March 2016.
  • The lamb indicator price (18–22kg fat score 2–4) averaged 538 cents a kilogram (dressed weight) in Victoria in the week ending 25 March 2016.
  • The world wheat indicator price (US No. 2 hard red winter, free on board Gulf ports) was US$205 a tonne in the week ending 29 March 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.