Warmer Oceans Influencing Weather Outlook

Warmer Oceans Influencing Weather Outlook

Below median rainfall is expected for some regions in the south, with equal chance of above and below median rainfall for most of the country from May to July The Bureau of Meteorology (BoM) latest long-range forecast is for warmer than median temperatures for almost...
Victoria Agrees to Revamped MDB Plan

Victoria Agrees to Revamped MDB Plan

After refusing an extended $13bn Murray-Darling Basin Plan (MDBP) last year, Victoria has changed its tune, while affirming the state’s stance against voluntary water purchasing from farmers.  By agreeing to the plan, Victoria’s water minister Harriet Shing has...
Prices Lift on Pulse

Prices Lift on Pulse

Regular grade WMP prices rose at this week’s GDT Pulse event with prices up 0.6% against GDT event #353 and 5.1% ahead of the previous Pulse event at US$3,215/t. Instant WMP settled at US$3,310/t, taking the weighted average WMP price  to US$3,280/t. Futures settled...
Prices Lift on Pulse

Australian Exports Continue to Grow

Australian exports were up 5% for the season to February in milk solid equivalent terms. The increase was led by increased shipments of cheese, milk powders, butter and dry whey.      Exports were ahead in the month of February across most dairy products except milk...
Victoria Agrees to Revamped MDB Plan

Review Calls for Mandatory Supermarket Code

An interim report recommending a mandatory code of conduct for supermarkets with hefty financial penalties for breaches has been delivered to the Australian Government.       The review recommended current voluntary guidelines be made into legally-binding obligations....