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ABARES Weekly Australian Climate, Water and Agricultural Updates

ABARES Weekly Australian Climate, Water and Agricultural Updates

Categories: Sheep & lambs, Beef, Cropping, Commodities, Weather

Summary of key issues:

  • Rainfall in excess of 15 millimetres fell in a broad north-west to south-east band across the continent during the past week.
  • Long-term rainfall deficiencies have eased slightly across Queensland and New South Wales, but have intensified in parts of South Australia and Western Australia.
  • Water storage levels in the Murray–Darling Basin have decreased by 24 gigalitres this week.
  • The world wheat indicator price (US No. 2 hard red winter, free on board Gulf ports) averaged US$332 a tonne in the week ending 8 April 2014.
  • The Australian grain sorghum indicator price (Sydney) declined by around 1 per cent in the week ending 9 April 2014 to $341 a tonne.
  • The Queensland young cattle indicator price (330 – 400 kg live weight C3) increased by around 5 per cent in the week ending 4 April 2014.
  • Changes to the sale yard prices of lamb were mixed in the week ending 4 April 2014.

Source: www.daff.gov.au/abares

 

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