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Australia Weather: Rainfall Restricts Grain Harvest

28 October 2013

AUSTRALIA - Much of Australia has recently experienced hot, dry and gusty weather conditions. Bushfires across eastern New South Wales have burnt out significant areas of bushland, forests and some farmland.

There have been reports of stock, crop and on-farm infrastructure losses but these have not yet been fully assessed.

Natural Disaster Relief and Recovery Arrangements (NDRRA) assistance has been made available to 19 New South Wales Local Government Areas affected by the recent bushfires.

During the past week rainfall was mainly restricted to southern Australia and the eastern and north-western coastline.

Heavy falls in excess of 25 millimetres was recorded in southern Victoria and South Australia which has reportedly delayed the start of the grain harvest in some regions.

According to the latest Australian Weekly ABARES Report:

  • The value of the Australian dollar averaged US96.3 cents in the week ending 23 October 2013, compared with US94.8 cents in the previous week.
  • The world wheat indicator price (US No. 2 hard red winter, free on board Gulf ports) averaged US$332 a tonne in the week ending 22 October 2013, largely unchanged from the previous week.
  • The world canola indicator price (Rapeseed, Europe, free on board Hamburg) averaged US$524 a tonne in the week ending 22 October 2013, compared with US$515 a tonne in the previous week.
  • The Australian canola indicator price (Portland, Victoria) averaged $487 a tonne in the week ending 21 October 2013, compared with $484 a tonne in the previous week.
  • The world cotton indicator price (the Cotlook ‘A’ index) averaged US 89.4 cents a pound in the week ending 23 October 2013, largely unchanged from the previous week.
  • The world sugar indicator price (Intercontinental Exchange, nearby futures, no. 11 contract) averaged US19.3 cents a pound in the week ending 23 October 2013, the highest average weekly price in almost 10 months.

Further Reading

You can view the full report by clicking here.

 

TheCropSite News Desk



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