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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 1 July 2015, rainfall was mainly restricted to the eastern states of Australia.
  • Maximum temperatures were average over much of Australia during the week ending 30 June 2015.
  • June 2015 rainfall was variable across the continent, ranging from severely deficient to extremely high.
  • The forecast for the next eight days indicates that rainfall is likely to be restricted to southern Australia and Australia’s eastern coastline.
  • Opening water allocations for the 2015–16 water year have been announced for New South Wales, Victoria and South Australia.
  • Water storage levels in the Murray–Darling Basin (MDB) increased this week by 67 gigalitres (GL) and are at 42 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 30 June 2015.
  • The Australian grain sorghum indicator price (Sydney) was $340 a tonne in the week ending 1 July 2015.
  • The Queensland young cattle indicator price (330–400 kg live weight C3) averaged 488 cents a kilogram (dressed weight) in the week ending 26 June 2015.
  • The saleyard indicator price of lamb (18–22kg fat score 2–4) rose in most states in the week ending 26 June 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.