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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:

  • Over the past week, rainfall in excess of 25 millimetres was mainly recorded across the tropical north and south-east of the continent.
  • The rainfall forecast for the coming eight days indicates that falls in excess 25 millimetres are likely across much of eastern Australia.
  • With the onset of autumn, there has been a shift to milder conditions with both daytime and night-time temperatures on the decline across southern Australia.
  • Water storage levels in the Murray–Darling Basin have decreased by 152 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$334 a tonne in the week ending 18 March 2014, compared with US$319 a tonne in the previous week.
  • The sale yard prices of lamb rose in all states in the week ending 14 March 2014. The largest increase occurred in South Australia
  • The Queensland young cattle indicator price (330 – 400 kg live weight C3) increased by around 2 per cent in the week ending 14 March 2014 to 319 cents a kilogram.



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