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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, Commodities, Weather

Summary of key issues:

  • Widespread rainfall in excess of 15 millimetres was recorded across much of south-west Western Australia.
  • For the week ending 13 May 2014, warmer than average temperatures were recorded across much of Australia.
  • Despite widespread rainfall during April, long-term rainfall deficiencies persist in some regions, particularly in parts of central Queensland.
  • Water storage levels in the Murray–Darling Basin have increased by 35 gigalitres this week and are at 53 per cent of total capacity.
  • The world wheat indicator price (US No. 2 hard red winter, free on board Gulf ports) averaged US$359 a tonne in the week ending 13 May 2014.
  • The Australian grain sorghum indicator price (Sydney) was $340 a tonne in the week ending 14 May 2014.
  • The Queensland young cattle indictor price (330 – 400 kg live weight C3) averaged 323 cents a kilogram in the week ending 9 May 2014.
  • The saleyard prices of lamb fell in most states in the week ending 9 May 2014 from the previous week.



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