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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:

  • For the week ending 5 July 2016, maximum temperatures were close to average across most of Australia.
  • June 2016 was the second-wettest June on record, with well above average rainfall recorded across most of Australia.
  • Relative upper layer soil moisture for June 2016 was well above average across much of Australia.
  • The forecast for the next eight days indicates that rainfall is mainly expected across the southern states.
  • The tropical Pacific Ocean remains in a neutral ENSO state, and climate models suggest the development of a negative Indian Ocean Dipole during winter 2016.
  • Water storage levels in the Murray–Darling Basin (MDB) increased by 406 gigalitres (GL) during the week ending 7 July 2016.
  • The current water allocations for the 2016–17 water trading season have been made in New South Wales, Victoria and South Australia.
  • The young cattle indicator price (330–400 kg live weight C3) averaged 619 cents a kilogram (dressed weight) in Queensland in the week ending 1 July 2016.
  • The lamb indicator price (18–22kg fat score 2–4) averaged 649 cents a kilogram (dressed weight) in Victoria in the week ending 1 July 2016.
  • The world wheat indicator price (US No. 2 hard red winter, free on board Gulf ports) was US$183 a tonne in the week ending 5 July 2016.

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.