Seasonal Water Outlook Released

Seasonal Water Outlook Released

The Resource manager for northern Victorian water systems has updated the outlook for 2024/25 seasonal determinations. Reserves established in water storages during 2023/24 provided a strong foundation for carried over allocation and 2024/25. The opening determination...
Seasonal Water Outlook Released

Rabobank: Seasonal milk to grow 2.6% YOY

Australia’s milk supply will end the current season 2.6% ahead of the prior season according to Rabobank while 2024/25 intake is expected to grow in the range of 3-4%. Favourable weather conditions with record rainfall from the spring and into January 2024 are...
Seasonal Water Outlook Released

ABARES’ bleak dairy outlook

Australian milk production will lift 1.8% to 8.3bn litres in 2023/24 as higher yields offsets the effect of a smaller herd. That’s according to the  March 2024 Agricultural Commodities report from the Australian Bureau of Agricultural and Resource Economics and...
Seasonal Water Outlook Released

Smaller grain crop

The latest crop report from the Australian Bureau of Agricultural and Resource Economics and Sciences (ABARES) projects total Australian winter crop production to fall 33% compared to last year’s record output of 46.1mt. The forecast is slightly below the 10-year...
Seasonal Water Outlook Released

DA: Milk production steady

Australian milk production is likely to remain steady for 2023/24 according Dairy Australia (DA). Despite El Niño conditions drying out some regions, but DA point to reduced cow culling and live heifer exports as supportive of milk production. Season to date...
Seasonal Water Outlook Released

ABARES: Australian farm incomes to fall

The Australian Bureau of Agricultural and Resource Economics and Sciences (ABARES) estimates farm incomes in Australia will fall 41% on average across the country’s broadacre farms in 2023/24. Nationally, farm incomes are forecast to average $197,000, falling in a...