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ABARES Weekly Australian Climate, Water and Agricultural Updates

ABARES Weekly Australian Climate, Water and Agricultural Updates

Categories: Sheep & lambs, Beef, Cropping, Dairy, Weather, Commodities

Summary of key issues:

  • Little or no rainfall was recorded in large areas of central and southern Australia.
  • Maximum temperatures were between 2°C and 6°C below average in some areas of southern Australia, the Northern Territory and Queensland.
  • Rainfall is likely to be below average across much of Australia during March 2017.
  • The rainfall outlook for March to May 2017 indicates that below average rainfall is likely in most of Australia.
  • Water storage levels in the Murray–Darling Basin (MDB) decreased by 386 gigalitres (GL) during the week ending 23 February 2017.
  • Restocker demand continues to support lamb prices and the eastern states trade lamb indicator price averaged 664 cents a kilogram in the week ending 16 February.
  • The world sugar indicator price averaged US20.5 cents a pound in the week ending 22 February, around 55 per cent higher than the same week in the previous year.

Source: www.agriculture.gov.au/abares

 

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