Internet Banking

News

ABARES Weekly Australian Climate, Water and Agricultural Updates

ABARES Weekly Australian Climate, Water and Agricultural Updates

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

Summary of key issues:

  • During the week ending 17 June 2015, widespread rainfall was received in eastern Australia.
  • The widespread heavy rain over large areas of eastern Australia this week has brought timely moisture for the germination and growth of winter crops and pastures.
  • Maximum and minimum temperatures were above average over much of Australia during the week ending 16 June 2015.
  • The forecast for the next eight days indicates that rainfall is likely to be restricted to the southern half of Australia.
  • Water storage levels in the Murray–Darling Basin (MDB) increased this week by 86 gigalitres (GL) and are at 41 per cent of total capacity.
  • The world wheat indicator price (US No. 2 hard red winter, free on board Gulf ports) averaged US$233 a tonne in the week ending 16 June 2015.
  • The Australian grain sorghum indicator price (Sydney) was $338 a tonne in the week ending 17 June 2015, 2 per cent lower than the previous week.
  • The Queensland young cattle indicator price (330–400 kg live weight C3) averaged 459 cents a kilogram (dressed weight) in the week ending 12 June 2015.
  • The saleyard indicator prices of lamb (18–22kg fat score 2–4) fell in most states in the week ending 12 June 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.