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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 generally close to average across much of Australia for the week ending 1 November 2016.
  • The State of the Climate 2016, released by the Bureau of Meteorology and CSIRO, reports that Australia’s climate has warmed by around 1°C since 1910.
  • Relative upper layer soil moisture for October 2016 was close to average across most of Australia.
  • Water storage levels in the Murray–Darling Basin (MDB) increased by 99 gigalitres (GL) during the week ending 3 November 2016.
  • In New South Wales, general security water allocations increased in the Murray and Murrumbidgee systems.
  • The world sugar indicator price (Intercontinental Exchange, nearby futures, no.11 contract) was 4 per cent lower than the previous week.
  • The price of potatoes (white, brushed) doubled between 17 September and 22 October as a result of poor seasonal conditions in some of the major potato producing regions.
  • Consumer prices for beef, veal, lamb and goat rose by more than 8 per cent in the year to September quarter 2016.



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 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 – A Division of Bendigo and Adelaide Bank Limited ABN 11 068 049 178 AFSL 237879