Internet Banking


ABARES Weekly Australian Climate, Water and Agricultural Updates

ABARES Weekly Australian Climate, Water and Agricultural Updates

Categories: Beef, Sheep & lambs, Commodities, Weather

Summary of key issues:

  • Rainfall during the week ending 11 May 2016 was recorded in all states and territories.
  • For the week ending 10 May 2016, maximum temperatures were above average across most of eastern Australia and below average in WA.
  • Below average rainfall in April 2016 increased the extent and severity of rainfall deficiencies in eastern Australia.
  • The forecast for the next eight days indicates that little to no rainfall is expected for most of mainland Australia.
  • Key indicators suggest the 2015–16 El Niño event continues to weaken.
  • Water storage levels in the Murray–Darling Basin (MDB) increased by 109 gigalitres (GL) during the week ending 12 May 2016.
  • The New South Wales young cattle indicator price (330–400 kg live weight C3) averaged 582 cents a kilogram for the week ending 6 May 2016.
  • The Victorian lamb indicator price (18–22kg fat score 2–4) averaged 541 cents a kilogram (dressed weight) in the week ending 6 May 2016.
  • The world wheat indicator price (US No. 2 hard red winter, free on board Gulf ports) was US$192 a tonne in the week ending 10 May 2016.



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