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ABARES Weekly Australian Climate, Water and Agricultural Updates

ABARES Weekly Australian Climate, Water and Agricultural Updates

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

Summary of key issues:

  • In the past week a series of low pressure troughs brought heavy rainfall to central and south-eastern Queensland.
  • During the week ending 21 March 2017 maximum temperatures were between 2°C and 6°C above average in parts of central and south-eastern Australia.
  • The forecast for the next eight days indicates that rainfall in excess of 15 millimetres is expected across areas of northern and eastern Australia.
  • Water storage levels in the Murray–Darling Basin (MDB) increased during the week ending 23 March 2017.
  • Livestock prices were mixed last week although cattle and lamb prices remain higher year on year.
  • Tight cotton supplies in India and China have contributed to a 32 per cent year on year increase in cotton prices.
  • Sugar prices remain high year on year, but face downward pressure as seasonal supplies enter the market from Australia.



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.