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ABARES Weekly Australian Climate, Water and Agricultural Updates

ABARES Weekly Australian Climate, Water and Agricultural Updates

Categories: Weather, Commodities

Summary of key issues:

  • During the past week rainfall was mainly recorded in the tropical north, south-eastern Australia and south-west Western Australia.
  • Maximum temperatures were between 2 and 4 degrees above average across a large part of south-west Western Australia.
  • The onset of cooler temperatures across South Australia and Tasmania suggests a shift to winter conditions after an extended warm period during autumn in the region.
  • Water storage levels in the Murray–Darling Basin have increased by 132 gigalitres this week and are at 55 per cent of total capacity.
  • The world wheat indicator price (US No. 2 hard red winter, free on board Gulf ports) averaged US$318 a tonne in the week ending 10 June 2014.
  • The Australian grain sorghum indicator price (Sydney) was $339 a tonne in the week ending 11 June 2014.
  • The Queensland young cattle indictor price (330–400 kg live weight C3) averaged 340 cents a kilogram in the week ending 6 June 2014.
  • The saleyard indicator price of lamb (18–22kg fat score 2–4) rose in all states in the week ending 6 June 2014, compared with the previous week.

Source: www.daff.gov.au/abares

 

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 Limited 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 Limited ABN 74 083 938 416 AFSL 238042.