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ABARES Weekly Australian Climate, Water and Agricultural Updates

ABARES Weekly Australian Climate, Water and Agricultural Updates

Categories: Beef, Cropping, Weather, Commodities

Summary of key issues:

  • During the week ending 20 January 2016, rainfall was recorded in all states and territories.
  • Maximum and minimum temperatures were below average across central Australia during the week ending 19 January 2016.
  • According to the Australian Plague Locust Commission, the locust population remained at low densities in most regions during December 2015.
  • Most climate models suggest El Niño will decay over the coming months, with a likely return to neutral conditions in the second quarter of 2016.
  • Water storage levels in the Murray–Darling Basin (MDB) decreased by 234 gigalitres (GL) during the week ending 21 January 2016.
  • The young cattle indicator price (330-400 kg live weight C3) averaged 603 cents a kilogram (dressed weight) in Queensland in the week ending 15 January 2016.
  • The lamb indicator price (18-22kg fat score 2-4) averaged 508 cents a kilogram (dressed weight) in Victoria in the week ending 15 January 2016.
  • The world wheat indicator price (US No. 2 hard red winter, free on board Gulf ports) averaged US$214 a tonne in the week ending 19 January 2016.
  • The Australian grain sorghum indicator price (Sydney) was $271 a tonne in the week ending 20 January 2016.

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.