Click here to view an Australian Bureau of Agricultural and Resource Economics and Sciences (ABARES) weekly update containing a summary of total and forecast rainfall, recent climatic conditions, water storage levels and availability, irrigation allocations and commodity price movements and the impact of notable weather events on agriculture.

Water storage levels in the Murray-Darling Basin (MDB) increased between 15-22 April 2020 by 31 gigalitres (GL). The current volume of water held in storage is 8,399GL which represents 33 per cent of total capacity.

Allocation prices in the Victorian Murray below the Barmah choke increased from $397 per ML on 16 April to $420 per ML on 23 April.

Price gaps between catchments above and below the Barmah Choke, and the Goulburn-Broken and other regions continue as a result of binding Barmah Choke and Goulburn intervalley trade limits.