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ABARES Weekly Australian Climate, Water and Agricultural Updates

ABARES Weekly Australian Climate, Water and Agricultural Updates

Categories: Weather, Commodities, Sheep & lambs, Dairy

Summary of key issues:

  • During the past week rainfall was recorded in much of eastern Australia and southwest Western Australia.
  • General water security allocations have increased in New South Wales for the Murray and Murrumbidgee Valleys.
  • Water storage levels in the Murray–Darling Basin increased by 199 gigalitres (GL) this week and are at 67 per cent of total capacity.
  • The world wheat indicator price (US No. 2 hard red winter, free on board Gulf ports) averaged US$281 a tonne in the week ending 19 Aug 2014.
  • The Global Dairy Trade (GDT) weighted average price of skim milk powder declined by around 12 per cent to US$2874 a tonne on 19 August 2014.
  • The Queensland young cattle indictor price (330–400 kg live weight C3) averaged 334 cents a kilogram in the week ending 15 August 2014.
  • The saleyard indicator price of lamb (18–22kg fat score 2–4) fell in most states in the week ending 15 August 2014.

Source: www.daff.gov.au/abares

 

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