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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:

  • During the week ending 23 March 2016, rainfall was recorded in all states and territories.
  • Recent rainfall has provided a useful boost to soil moisture levels in a number cropping regions in Western Australia, South Australia and Victoria.
  • The latest ‘National Climate Outlook’ released by the Bureau of Meteorology for April to June 2016 indicates that above average rainfall is likely in large areas of southern and central Australia.
  • The rainfall forecast for the next eight days indicates that rain is expected over parts of Australia.
  • Water storage levels in the Murray–Darling Basin (MDB) decreased by 130 gigalitres (GL) during the week ending 24 March 2016.
  • The young cattle indicator price (330–400 kg live weight C3) averaged 575 cents a kilogram (dressed weight) in Queensland in the week ending 18 March 2016.
  • The lamb indicator price (18–22kg fat score 2–4) averaged 538 cents a kilogram (dressed weight) in Victoria in the week ending 18 March 2016.
  • The world wheat indicator price (US No. 2 hard red winter, free on board Gulf ports) was US$206 a tonne in the week ending 22 March 2016.
  • The Australian feed barley indicator price (Sydney) was $227 a tonne in the week ending 22 March 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.