Internet Banking

Farming publications

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 in excess of 15millimetres was recorded in Tasmania, most of Victoria, south-eastern South Australia, southern and north-eastern New South Wales, and the Queensland north tropical coast.
  • July 2014 rainfall was generally below average for large parts of eastern Australia and part of western and central Australia and average or above average for other regions.
  • Relative soil moisture levels for July 2014 are predominately average to above average across much of the southern cropping zone.
  • Long-term (22-month) rainfall deficiencies have increased in Western Australia, Queensland, New South Wales, South Australia and the Northern Territory.
  • Water storage levels in the Murray–Darling Basin increased by 223 gigalitres (GL) this week and are at 65 per cent of total capacity.
  • The world wheat indicator price (US No. 2 hard red winter, free on board Gulf ports) averaged US$290 a tonne in the week ending 5 August 2014.
  • The Queensland young cattle indictor price (330 – 400 kg live weight C3) averaged 338 cents a kilogram in the week ending 1 August 2014.
  • The saleyard indicator price of lamb (18–22kg fat score 2–4) fell in most states in the week ending 1 August 2014.

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.