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ABARES Weekly Australian Climate, Water and Agricultural Updates

ABARES Weekly Australian Climate, Water and Agricultural Updates

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

Summary of key issues:

  • During the week ending 8 February 2017, rainfall was recorded in all states and territories.
  • Upper layer soil moisture for January 2017 was generally well above average across the western two thirds of Australia.
  • According to the Bureau of Meteorology, there is a low to moderate chance that two cyclones could form in Queensland waters later this week.
  • Water storage levels in the Murray–Darling Basin (MDB) decreased by 230 gigalitres (GL) during the week ending 9 February 2017.
  • The feed barley indicator price (Sydney) rose 2 per cent to $178 a tonne following Saudi Arabia’s purchase of 1.5 million tonnes of feed barley from various origins including Australia.
  • The anhydrous milk fat (AMF) indicator price rose by 4 per cent to US$5,765 a tonne at the global dairy trade (GDT) auction on 7 February 2017.



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