Internet Banking

News

ABARES Weekly Australian Climate, Water and Agricultural Updates

ABARES Weekly Australian Climate, Water and Agricultural Updates

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

Summary of key issues:

  • Over the past week, rainfall was mainly recorded across the tropical north of the continent.
  • Maximum and minimum temperatures were between 2 and 6 degrees Celsius above their respective long-term average levels across much of central and south-east Australia during the past week.
  • Neutral El Niño/SouthernOscillation conditions persist across the tropical Pacific Ocean.
  • Water storage levels in the Murray–Darling Basin have decreased by 262 gigalitres this week and are at 54 per cent of total capacity.
  • The world wheat indicator price (US No. 2 hard red winter, free on board Gulf ports) averaged US$319 a tonne in the week ending 11 March 2014.
  • The Australian grain sorghum indicator price (Sydney) was largely unchanged in week ending 12 March 2014 at $353 a tonne.
  • The sale yard prices of lamb rose in most states in the week ending 7 March 2014.
  • The Queensland young cattle indictor price (330 – 400 kg live weight C3) declined by around 4 per cent in the week ending 7 March 2014 to 314 cents a kilogram.

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.