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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 6 May 2015 rainfall was mainly recorded across western, southern and eastern Australia.
  • Maximum temperatures were largely average over much of Australia during the week ending 5 May 2015.
  • Relative upper layer soil moisture for April 2015 was above average across much of western, southern and eastern Australia, and below average over much of central and northern Australia and parts of Victoria and Tasmania.
  • The spatial extent and severity of rainfall deficiencies have increased across northern Queensland and western Tasmania for the 10-month period.
  • The forecast for the next eight days indicates that rainfall is likely to be restricted to the far south of Australia.
  • Water storage levels in the Murray–Darling Basin (MDB) decreased this week by 13 gigalitres (GL) and are at 39 per cent of total capacity.
  • The world wheat indicator price (US No. 2 hard red winter, free on board Gulf ports) averaged US$224 a tonne in the week ending 5 May 2015.
  • The Australian grain sorghum indicator price (Sydney) was $320 a tonne in the week ending 6 May 2015.
  • The Queensland young cattle indicator price (330–400 kg live weight C3) averaged 431 cents a kilogram (dressed weight) in the week ending 1 May 2015.
  • Changes to the saleyard indicator prices of lamb (18–22kg fat score 2–4) were mixed across the states in the week ending 1 May 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.