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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:

  • Maximum and minimum temperatures were predominantly above average over much of northern Australia during the week ending 28 July 2015.
  • The August 2015 rainfall outlook suggests that the chance of wetter than average conditions across large parts of Western Australia, New South Wales and South Australia is higher than 55 per cent.
  • The rainfall outlook for August to October 2015 indicates that drier than average conditions are more likely in parts of eastern Australia and the far north of Australia.
  • Water storage levels in the Murray–Darling Basin (MDB) increased this week by 216 gigalitres (GL) and are at 44 per cent of total capacity.
  • The Queensland young cattle indicator price (330–400 kg live weight C3) averaged 528 cents a kilogram (dressed weight) in the week ending 24 July 2015.
  • The world wheat indicator price (US No. 2 hard red winter, free on board Gulf ports) averaged US$223 a tonne in the week ending 28 July 2015.
  • The Australian grain sorghum indicator price (Sydney) was $326 a tonne in the week ending 29 July 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.