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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, Commodities, Weather

Summary of key issues:

  • For the week ending 26 April 2016, maximum temperatures were above average across much of Australia.
  • The latest ‘National Climate Outlook’ released by the Bureau of Meteorology indicates that above average rainfall is likely across most of Australia for the period May to July 2016.
  • The forecast for the next eight days indicates that rainfall is expected in all states and territories.
  • The 2015-16 El Niño continues to decline in the tropical Pacific.
  • Water storage levels in the Murray–Darling Basin (MDB) decreased by 80 gigalitres (GL) during the week ending 28 April 2016.
  • The young cattle indicator price (330–400 kg live weight C3) averaged 533 cents a kilogram (dressed weight) in Queensland in the week ending 22 April 2016.
  • The Victorian lamb indicator price (18–22kg fat score 2–4) averaged 529 cents a kilogram (dressed weight) in the week ending 22 April 2016.
  • The world wheat indicator price (US No. 2 hard red winter, free on board Gulf ports) was US$204 a tonne in the week ending 26 April 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.