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Very dry weather in some areas, combined with growers running out of allocation, zero rainfall on the horizon and dam levels dropping at a rapid rate has seen demand pick up over the last week, a trend which is expected to continue.
Opportunities of the week
- Seller of 75 megalitres Murrumbidgee Irrigation High Security entitlements at $8,710 per magalitre, inclusive of 2024/25 allocation.
Allocations
The following allocation announcements have been made today:
- MURRUMBIDGEE general security received no allocation increase, leaving total allocation at 35 per cent (pc)
- NSW MURRAY general security recieved a 5% allocation increase, taking total allocation to 58 pc.
As such , allocations are as follows:
| Zone | Allocation | 1 year ago | +/- per cent |
Murrumbidgee | |||
High Security | 95 pc | 100 pc | -5 pc |
General Security | 35 pc | 100 pc | - 65 pc |
NSW Murray (Zones 10 & 11) | |||
High Security | 97 pc | 100 pc | - 3 pc |
General Security | 62 pc | 110 pc | - 48 pc |
Lachlan | |||
High Security | 100 pc | 100 pc | Same |
General Security | 6 pc | 0 pc | + 6 pc |
Vic Murray (Zones 6 & 7) | |||
High Reliability | 100 pc | 100 pc | Same |
Low Reliability | 100 pc | 16 pc | - 16 pc |
SA Murray | 100 pc | 100 pc | Same |
Murrumbidgee Deep Groundwater | 100 pc | 100 pc | Same |
Lower Murray Deep Groundwater | 100 pc | 100 pc | Same |
Lower Lachlan Groundwater | 100 pc | 100 pc | Same |
Trade Restrictions
MURRUMBIDGEE/MURRAY IVT
Is currently open for Murrumbidgee to Murray trade but closed for Murray to Murrumbidgee trade, with balances as follows:
- Murrumbidgee to Murray - 0.6GL
- Murray to Murrumbidgee - 99.4GL
BARMAH CHOKE
Is closed.
Storages
According to the Bureau of Meterorology (BOM), storage levels are currently as follows:
| As at 9am | Current | 1 Day | 7 Days | 30 Days | 1 Year | |
| Murrumbidgee | 3 Feb 25 | 46.0 pc | NIL | -2.0 pc | - 10.9 pc | - 33.7 pc |
| Blowering | 1 Feb 25 | 40.0 pc | - 0.2 pc | - 3.23 pc | - 13.5 pc | - 34.2 pc |
| Burrinjuck | 1 Feb 25 | 55.6 pc | - 0.3 pc | - 2.7 pc | - 9.4 pc | - 35.3 pc |
| Murray | 3 Feb 25 | 66.6 pc | NIL | - 1.5 pc | - 7.4 pc | - 24.1 pc |
| Hume | 1 Feb 25 | 41.3 pc | - 0.3 pc | - 2.8 pc | - 12.1 pc | - 41.2 pc |
| Dartmouth | 2 Feb 25 | 87.4 pc | - 0.1 pc | - 0.4 pc | - 1.1 pc | - 10.0 pc |
| Lachlan | 3 Feb 25 | 87.1 pc | NIL | - 1.1 pc | - 5.1 pc | - 8.1 pc |
| Wyangala | 1 Feb 25 | 86.8 pc | - 0.2 pc | - 1.5 pc | - 5.6 pc | - 8.6 pc |
Current Temporary Market
Indicative pricing is as follows:
| Zone | Buyers | Sellers | Last trade | Trend |
| Murrumbidgee | $250 | $250 | $250 | Up |
| NSW Murray 10 (Above Choke) | $130 | $135 | $130 | Steady |
| NSW Murray 11 (Below Choke) | $155 | $155 | $155 | Up |
| Vic Murray 6 (Above Choke) | $130 | $130 | $130 | Steady |
| Vic Murray 7 (Above Choke) | $160 | $160 | $160 | Steady |
| SA Murray | $160 | $160 | $160 | Steady |
| Lachlan | $125 | $125 | $125 | Up |
| Murrumbidgee Deep Aquifer Zone 1 | - | - | - | |
| Murrumbidgee Deep Aquifer Zone 2 | - | $60 | - | |
| Murrumbidgee Deep Aquifer Zone 3 | $50 | $50 | $50 | Steady |
| Lower Murray Groundwater | $65 | $65 | $65 | Steady |
| Lower Lachlan Groundwater | $50 | $50 | $50 | Steady |
Current Permanent Market
Indicative pricing is as follows:
| Zone | Price per mL |
| Murrumbidgee | |
| High Security | $8,550 to $8,650 |
| General Security | $2,600 to $2,700 |
| Supplementary | $800 to $850 |
| NSW Murray Above Choke (Zone 10) | |
| High Security | $7,500 to $7,600 |
| General Security | $1,700 to $1,800 |
| NSW Murray Below Choke (Zone 11) | |
| High Security | $8,600 to $8,700 |
| General Security | $2,600 to $2,700 |
| VIC Murray Above Choke (Zone 6) | |
| High Reliability | $4,300 to $4,400 |
| Low Reliability | $550 to $650 |
| VIC Murray Below Choke (Zone 7) | |
| High Reliability | $7,000 to $7,100 |
| Low Reliability | $2,000 to $2,100 |
| SA Murray Class 3 | $6,800 to $6,900 |
| Murrumbidgee Deep Aquifer (zone dependent) | $3,800 to $4,200 |
| Lachlan (Upper & Lower) | |
| General Security | $1,700 to $1,800 |
| High Security | $4,500 to $4,550 |
| Lower Murray Deep Groundwater | $2,700 to $2,800 |
| Lower Lachlan Groundwater | $3,500 to $4,000 |
SEASONAL OUTLOOK
The Bereau Of Meteorology released an updated outlook on 30 January. In summary:
The long-range forecast for February to April shows:
- above average rainfall is likely for northern Australia and much of the south, with an increased chance of unusually high rainfall for much of these regions
- warmer than average days are likely across much of southern and eastern Australia
- warmer than average nights are very likely across Australia, with an increased chance of unusually high overnight temperatures nationwide.
Disclaimer – important, please read:
The information contained in this article is given for general information purposes only, current at the time of first publication, and does not constitute professional advice. The article has been independently created by a human author using some degree of creativity through consultation with various third-party sources. Third party information has been sourced from means which Elders consider to be reliable. However, Elders has not independently verified the information and cannot guarantee its accuracy. Links or references to third party sources are provided for convenience only and do not constitute endorsement of material by third parties or any associated product or service offering. While Elders has exercised reasonable care, skill and diligence in preparation of this article, many factors including environmental/seasonal factors and market conditions can impact its accuracy and currency. The information should not be relied upon under any circumstances and, to the extent permitted by law, Elders disclaim liability for any loss or damage arising out of any reliance upon the information contained in this article. If you would like to speak to someone for tailored advice specific to your circumstances relating to any of the matters referred to in this article, please contact Elders.
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