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ABARES Weekly Australian Climate, Water and Agricultural Updates

ABARES Weekly Australian Climate, Water and Agricultural Updates

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

Summary of key issues:

  • During the week ending 15 March 2017 rainfall was mostly recorded in eastern and northern Australia.
  • In the past week a series of severe thunderstorms brought heavy rainfall, floods and hail to northern New South Wales and south-eastern Queensland.
  • During the week ending 14 March 2017 maximum temperatures were between 4°C and 8°C above average in parts of south-eastern Australia.
  • Water storage levels in the Murray–Darling Basin (MDB) decreased during the week ending 16 March 2017.
  • Australia exported record volumes of wheat in January 2017, with over one third going to India.
  • Tight world cotton supplies have resulted in world cotton prices being up over 30 percent compared to the same time last year.
  • Brazilian sugarcane processors have increased production of sugar at the expense of ethanol resulting in local imports of ethanol being up 218 per cent year-on-year.

Source: www.agriculture.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 - A Division of Bendigo and Adelaid Bank ABN 11 068 049 178 AFSL/Australian Credit Licence 237879.