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ABARES Weekly Australian Climate, Water and Agricultural Updates

ABARES Weekly Australian Climate, Water and Agricultural Updates

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

Summary of key issues:

  • During the week ending 2 December 2015, rainfall was recorded in all states and territories.
  • Rainfall in November 2015 was predominantly average to above average in Australia.
  • Spring 2015 (September to November) rainfall was generally average to below average in much of Australia.
  • Relative upper and lower layer soil moisture for November 2015 was average or higher than average across much of Australia.
  • Water storage levels in the Murray–Darling Basin (MDB) decreased by 189 gigalitres (GL) during the week ending 3 December 2015.
  • The Global Dairy Trade (GDT) weighted average price of whole milk powder increased by 5 per cent to US$2260 a tonne on 1 December 2015.
  • The Queensland young cattle indicator price (330–400 kg live weight C3) averaged 613 cents a kilogram (dressed weight) in the week ending 27 November 2015.
  • The lamb indicator price (18–22kg fat score 2–4) averaged 502 cents a kilogram (dressed weight) in Victoria in the week ending 27 November 2015.
  • The world wheat indicator price (US No. 2 hard red winter, free on board Gulf ports) averaged US$209 a tonne in the week ending 1 December 2015.



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.