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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.



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