3 March 2025

Latest water update

 

Welcome to the Elders Water Market Update for the 2024/25 season, for the week beginning 3 March 2025.

Allocations

The following allocation announcements have been made today: 

  • MURRUMBIDGEE general security received a 2per cent (pc) allocation increase, taking total allocation at 39pc.

As such , allocations are as follows: 

 Zone  Allocation 1 year ago  +/- per cent 

Murrumbidgee

   

High Security

95 pc100 pc-5 pc

General Security

39 pc100 pc- 61 pc

NSW Murray (Zones 10 & 11)

   

 High Security

100 pc100 pcSame

General Security

110 pc110 pcSame

Lachlan

   

High Security

100 pc100 pcSame

General Security

6 pc0 pc+ 6 pc

Vic Murray (Zones 6 & 7)

   

High Reliability

100 pc100 pcSame

Low Reliability

0 pc85 pc- 85 pc

SA Murray
 
100 pc100 pcSame

Murrumbidgee Deep Groundwater

100 pc100 pcSame

Lower Murray Deep Groundwater

100 pc100 pcSame

Lower Lachlan Groundwater

100 pc100 pcSame

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 - 0.7GL
  • Murray to Murrumbidgee - 99.3GL

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 Mar 2540.7 pcNIL-1.4 pc- 4.4 pc- 34.0 pc
Blowering1 Mar 2535.5 pc- 0.2 pc- 1.5 pc- 4.4 pc- 31.5 pc
Burrinjuck1 Mar 2549.0 pc- 0.1 pc- 2.6 pc- 6.6 pc- 38.9 pc
Murray3 Mar 2560.3 pcNIL- 1.2 pc- 5.9pc- 26.3 pc
Hume1 Mar 2533.5 pc- 0.3 pc- 2.0 pc- 7.7 pc- 42.7 pc
Dartmouth2 Mar 2586.0 pc- 0.1 pc- 0.5 pc- 2.3 pc- 11.3 pc
Lachlan 3 Mar 2586.1 pcNIL- 0.3 pc- 0.6 pc- 10.5 pc
Wyangala27 Feb 2585.8 pc- 0.1 pc- 0.8 pc- 2.1 pc- 11.4 pc

Current Temporary Market

Indicative pricing is as follows:

ZoneBuyersSellersLast tradeTrend
Murrumbidgee$190$195$190Down
NSW Murray 10 (Above Choke)$110$110$110Down
NSW Murray 11 (Below Choke)$175$175$175Steady
Vic Murray 6 (Above Choke)$130$135$135Steady
Vic Murray 7 (Above Choke)$175$185$183Up
SA Murray$175$185$183Up
Lachlan$125$125$125Steady
Murrumbidgee Deep Aquifer Zone 1--- 
Murrumbidgee Deep Aquifer Zone 2-$60- 
Murrumbidgee Deep Aquifer Zone 3$50$50$50Steady
Lower Murray Groundwater$65$65$65Steady
Lower Lachlan Groundwater$50$50$50Steady

Current Permanent Market 

Indicative pricing is as follows: 

 Zone  Price per mL 
Murrumbidgee 
High Security$8,500 to $8,600
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 27 February. In summary:

The long-range forecast for March to May shows:

  • rainfall is likely to be in the typical range for the season for most of Australia, with below average rainfall likely for much of northern, eastern and central Queensland and above average for parts of north-western Australia.
  • warmer than average days are very likely across most of Australia, with an increased chance of unusually high daytime temperatures across much of the country.
  • 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.

Meet the author

Daisy Armstrong

Water Broker
  • Elders Griffith

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