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ABARES Weekly Australian Climate, Water and Agricultural Updates

ABARES Weekly Australian Climate, Water and Agricultural Updates

Categories: Commodities, Weather

Summary of key issues:

  • During the past week rainfall of between 15 and 100 mm was recorded across some parts of eastern Australia.
  • Lightning strikes have reportedly caused a number of fires across South Australia and Victoria in the past 24 hours.
  • Grape and citrus producers in south east Australia are concerned about the extreme hot weather conditions affecting fruit quality only weeks away from harvest.
  • High temperatures across large parts of the country are likely to further deplete on farm water storages and increase water demand for irrigated crops.
  • Water storage levels in the Murray–Darling Basin have decreased by 468 gigalitres this week and are at 66 per cent of total capacity.
  • The world wheat indicator price (US No. 2 hard red winter, free on board Gulf ports) averaged US$289 a tonne in the week ending 14 January 2014, compared with US$291 a tonne in the previous week.
  • The Queensland young cattle indicator price (330 – 400 kg live weight C3) averaged 329 cents a kilogram in the week ending 10 January 2014, 2 per cent lower than the last sale in December 2013.
  • There were mixed movements in the saleyard prices of lamb in the week ending 10 January 2014, compared with the last sale prices in December 2013.
  • The wholesale prices of selected fruit were generally higher in the week ending 11 January 2014.

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.