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ABARES Weekly Australian Climate, Water and Agricultural Updates

Categories: Beef, Sheep & lambs, Cropping, Commodities

Summary of key issues:

  • In the week ending 19 November 2014, rainfall was recorded across large areas of Western Australia, northern and southern areas of the Northern Territory, South Australia, south-east coastal Queensland, southern New South Wales, Victoria and western Tasmania.
  • The Pacific Ocean has shown some renewed signs of El Niño development in recent weeks.
  • Water storage levels in the Murray–Darling Basin (MDB) decreased this week by 229 gigalitres (GL) and are at 59 per cent of total capacity.
  • General security allocations have increased in New South Wales for the Murray Valley. Low reliability allocations have increased in Victoria for the Broken system.
  • The world wheat indicator price (US No. 2 hard red winter, free on board Gulf ports) averaged US$284 a tonne in the week ending 18 November 2014.
  • The Australian grain sorghum indicator price (Sydney) was $325 a tonne in the week ending 19 November 2014, around 2 per cent higher than the previous week.
  • The Queensland young cattle indictor price (330–400 kg live weight C3) averaged 365 cents a kilogram (dressed weight) in the week ending 14 November 2014.
  • The saleyard indicator price of lamb (18–22kg fat score 2–4) rose in most states in the week ending 14 November 2014, compared with the previous week.



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