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ABARES Weekly Australian Climate, Water and Agricultural Updates

ABARES Weekly Australian Climate, Water and Agricultural Updates

Summary of key issues:

  • Maximum and minimum temperatures were below average across most of Australia for the week ending 4 October 2016.
  • Rainfall in September 2016 was extremely high over most states and territories.
  • Relative upper layer and lower layer soil moisture for September 2016 was extremely high across much of northern, central and eastern Australia.
  • The forecast for the next eight days indicates that rainfall is expected across southern coastal areas of Australia.
  • Water storage levels in the Murray–Darling Basin (MDB) increased by 994 gigalitres (GL) during the week ending 6 October 2016.
  • The young cattle indicator price (330–400 kg live weight C3) averaged 653 cents a kilogram in Queensland in the week ending 30 September 2016.
  • The lamb indicator price (18–22 kg fat score 2–4) averaged 593 cents a kilogram (dressed weight) in Victoria in the week ending 30 September 2016.
  • The world wheat indicator price (US No. 2 hard red winter, free on board Gulf ports) was US$194 a tonne in the week ending 4 October 2016.

Source: www.agriculture.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.