TheCropSite.com- news, features, articles and disease information for the crop industry

Australian Weekly ABARES Report


26 July 2012

Australian Weekly ABARES Report - 26 July 2012Australian Weekly ABARES Report - 26 July 2012

For the week ending 25 July 2012, little to no rainfall was recorded across most of Australia. Ongoing cool conditions and widespread frosts have contributed to slow crop growth and low yields in southern Australia, according to the latest ABARES Climate, Water and Agricultural Update.

The Australian Bureau of Agricultural and Resource Economics and Sciences

Dry conditions in Australia’s sugar cane growing regions are assisting the sugar cane harvest which had been delayed due to excessive rainfall.

Recent wet seasons are likely to contribute to the spread of weeds and pests.

Water storage levels in the Murray–Darling Basin decreased this week by 20 gigalitres to remain at approximately 95 per cent of total capacity.

The wholesale prices of fruit were generally higher or unchanged in the week ending 21 July 2012. There were mixed changes in the wholesale prices of vegetables.

The average indicator prices of wheat, barley and canola have increased in both Australian and world markets.

Commodities

Production and commodities

The world wheat indicator price (US no. 2 hard red winter, free on board Gulf ports) averaged US$375 a tonne in the week ending 23 July 2012, 6 per cent higher than the US$354 a tonne recorded in the previous week.

The Australian indicator price for feed wheat (Sydney, GP) averaged $310 a tonne in the week ending 24 July 2012, 9 per cent higher than the previous week’s $285 a tonne.

The world coarse grains indicator price (US no. 2 yellow corn, free on board Gulf ports) averaged US$349 a tonne for the week ending 25 July 2012, compared with US$339 a tonne in the previous week.

The Australian indicator price for feed barley (Sydney) averaged $263 a tonne in the week ending 24 July 2012, compared with $250 a tonne in the previous week.

The world canola indicator price (Rapeseed, Europe, free on board Hamburg) averaged US$635 a tonne in the week ending 19 July 2012, 3 per cent higher than the previous week.

The Australian canola indicator price (Portland, Victoria) averaged $570 a tonne in the week ending 23 July 2012, compared with $554 a tonne in the previous week.

The world cotton indicator price (the Cotlook ‘A’ index) averaged US 84.8 cents a pound in the week ending 25 July 2012, largely unchanged from the previous week.

According to the Chinese textile Industry, India has overtaken the United States in 2011–12 season to become the largest cotton exporter to China.

The world sugar indicator price (Intercontinental Exchange, nearby futures, no. 11 contract) averaged US23.6 cents a pound in the week ending 25 July 2012, around 4 per cent higher than in the previous week.

The Chinese Customs Data shows China imported 2.7 million tonnes of sugar in the first nine months of 2011–12 marketing year (October to September), a 190 per cent increase from the same period a year ago.

According to Ukrainian Agribusiness Club, Ukraine's sugar exports are expected to reach 150 000 tonnes in the 2011–12 marketing year (September to August), compared with only 6200 tonnes in the previous marketing year.

Climate

For the week ending 25 July 2012, little to no rainfall was recorded across most of Australia. The highest measured rainfall total for the week was 109 millimetres at Queenstown in Tasmania.

Ongoing cool conditions and widespread frosts have contributed to slow crop growth in southern Australia. In some areas, low yields are expected from late plantings and re-sown crops such as canola. Central Australia is experiencing an unusually cold winter with an above average number of below zero overnight temperatures.

Dry conditions in Australia’s sugar cane growing regions are assisting the sugar cane harvest which had been delayed due to excessive rainfall.

Recent wet seasons are likely to contribute to the spread of weeds and pests. According to the Western Australia Department of Agriculture and Food, favourable climatic conditions across northern Australia have contributed to the build-up of aphid populations, leading to issues in the region's horticultural areas, including crop losses and disease spread. A number of aphid control trials are underway, including the release of predatory wasps.

Rainfall this week

For the week ending 25 July 2012, little to no rainfall was recorded across most of Australia. For further information, click here.

DOWNLOAD REPORT:- Download this report here

Share This


Related Reports

Reports By Country

Reports By Category

Our Sponsors

Partners