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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, Weather, Commodities

Summary of key issues:

  • During the week ending 16 December 2015, rainfall was mainly recorded across northern and eastern Australia.
  • The rainfall outlook for the period January to March 2016, indicates that across much of the country there is no strong tendency toward either above or below average summer rainfall.
  • Water storage levels in the Murray–Darling Basin (MDB) decreased by 256 gigalitres (GL) during the week ending 17 December 2015.
  • The young cattle indicator price (330–400 kg live weight C3) averaged 611 cents a kilogram (dressed weight) in Queensland in the week ending 11 December 2015.
  • The lamb indicator price (18–22kg fat score 2–4) averaged 502 cents a kilogram (dressed weight) in Victoria in the week ending 11 December 2015.
  • TThe world wheat indicator price (US No. 2 hard red winter, free on board Gulf ports) averaged US$217 a tonne in the week ending 15 December 2015.
  • The Australian grain sorghum indicator price (Sydney) was $290 a tonne in the week ending 16 December 2015.
  • The Australian grain sorghum indicator price (Sydney) was $290 a tonne in the week ending 9 December 2015.

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.