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.