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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:

  • During the week ending 11 February 2015 rainfall was recorded across northern and eastern Australia.
  • Rainfall deficiencies have decreased in extent and severity over south-eastern Queensland.
  • Longer term (28-month) rainfall deficiencies persist across central and southern Queensland and smaller areas in adjacent parts of New South Wales.
  • Relative upper layer soil moisture for January 2015 was predominantly above average to extremely high across much of eastern, northern and central Australia.
  • Water storage levels in the Murray–Darling Basin (MDB) decreased this week by 320 gigalitres (GL) and are at 47 per cent of total capacity.
  • The world wheat indicator price (US No. 2 hard red winter, free on board Gulf ports) averaged US$255 a tonne in the week ending 10 February 2015.
  • The Australian grain sorghum indicator price (Sydney) was $306 a tonne in the week ending 11 February 2015, largely unchanged from the previous week.
  • The Queensland young cattle indicator price (330–400 kg live weight C3) averaged 448 cents a kilogram (dressed weight) in the week ending 6 February 2015.
  • The saleyard indicator price of lamb (18–22kg fat score 2–4) were higher in all states in the week ending 6 February 2015.

Source: www.daff.gov.au/abares

 

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