Internet Banking

News

ABARES Weekly Australian Climate, Water and Agricultural Updates

ABARES Weekly Australian Climate, Water and Agricultural Updates

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

Summary of key issues:

  • During the week ending 25 February 2015 rainfall was mainly recorded across northern and eastern Australia.
  • Two Tropical Cyclone systems made landfall within the Australian region in the week ending 26 February 2015, bringing destructive winds and heavy rainfall.
  • Maximum temperatures were above average in parts of Australia during the week ending 24 February 2015.
  • Water storage levels in the Murray–Darling Basin (MDB) decreased this week by 241 gigalitres (GL) and are at 45 per cent of total capacity.
  • The world wheat indicator price (US No. 2 hard red winter, free on board Gulf ports) averaged US$246 a tonne in the week ending 24 February 2015.
  • The Australian grain sorghum indicator price (Sydney) was $315 a tonne in the week ending 25 February 2015, 2 per cent higher than the previous week.
  • The Queensland young cattle indicator price (330–400 kg live weight C3) averaged 421 cents a kilogram (dressed weight) in the week ending 20 February 2015.
  • The saleyard indicator price of lamb (18–22kg fat score 2–4) was lower in all states in the week ending 20 February 2015.

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.