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ABARES Weekly Australian Climate, Water and Agricultural Updates

Weekly Australian Climate, Water and Agricultural Updates

Summary of key issues

  • Harvesting of winter crops has commenced in northern cropping regions of Western Australia and South Australia, this is a full fortnight earlier than normal.
  • Rainfall during September 2013 was variable across the continent. Most of Western Australia received above average rainfall, while much of the remainder of Australia saw average to below average September rainfall.
  • September 2013 was Australia’s warmest September on record. Australia’s record for warmest 12-month period has also been broken for a second consecutive month. This continues a sequence of warmer-than-average months for Australia since June 2012.
  • Water storage levels in the Murray–Darling Basin decreased this week by 291 gigalitre (GL) and are at 83 per cent of total capacity.
  • The world wheat indicator price (US No. 2 hard red winter, free on board Gulf ports) averaged US$325 a tonne in the week ending 1 October 2013, compared with US$312 a tonne in the previous week.
  • The world sugar indicator price (Intercontinental Exchange, nearby futures, No. 11 contract) averaged US17.7 cents a pound in the week ending 2 October 2013, around 2 per cent higher than in the previous week.
  • Australian beef and veal exports totalled 95 000 tonnes (shipped weight) in September 2013, 19 per cent higher than the same time last year. Increased exports to the United States, China and the Middle East more than offset lower exports to Australia’s largest market, Japan.



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