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ABARES Weekly Australian Climate, Water and Agricultural Updates

Weekly Australian Climate, Water & Agricultural Updates

Categories: Commodities, Weather

Summary of key issues:

  • July 2013 rainfall was variable with areas of above average and below average rainfall distributed across the country. 
  • Upper layer soil moisture levels across the eastern Australian wheatbelt declined during July 2013 in response to slightly below average rainfall and above average temperatures. 
  • July maximum and minimum temperatures were above average across most of Australia, with all states except Western Australia recording mean temperatures in the highest 10 per cent of records for July. 
  • Water storage levels in the Murray–Darling Basin have increased by 293 gigalitres this week and are at 78 per cent of total capacity.
  • The world wheat indicator price (US No. 2 hard red winter, free on board Gulf ports) averaged US$317 a tonne in the week ending 6 August 2013, compared with US$314 a tonne in the previous week.
  • Australian grain sorghum exports to China between March and June 2013 totalled 254 452 tonnes, compared with 15 331 tonnes over the same period in 2012. 
  • Australian beef and veal exports in July 2013 were 106 000 tonnes (shipped weight), the highest ever monthly export volume. Exports were 29 per cent higher than the same time last year, with the largest increases to China and the Middle East. 



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 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 – A Division of Bendigo and Adelaide Bank Limited ABN 11 068 049 178 AFSL 237879