Water trading – December update
The Elders Weather rainfall outlook suggests multiple cold fronts with the potential to bring widespread rain over southern and eastern Australia will start on 22 to 26 December but the strongest fronts will commence 5 to 9 and 10 to 14 January. In the West the strongest cold fronts are expected between 28 December to 1 January and 10 to 14 January .
According to the Murray-Darling Basin Authority, the Hume dam is currently 98 per cent full, inflows peaked at 13,200 ML/day this week after a wet weekend but have since receded to 10,000 ML/day. Inflows have generally decreased, and downstream demands increased. This has seen airspace management releases transition to releases that are ‘demand-driven’. With drier and warmer conditions likely over the next few weeks, the threat of flooding has eased. However, with the catchment remaining relatively wet for this time of year and the storage level near full, the potential for another storage spill will continue for now.
Prices
| Water Market | Temporary (per ML) |
|---|---|
| Murray (Below Choke) | $95.00 to $100.00 |
| Murray (Above Choke) | $70.00 to $75.00 |
| Murrumbidgee | $65.00 to $79.00 |
| Goulburn | $70.00 to $75.00 |
Source: Elders Water Trading
Allocations
| Trading region | Entitlement Type | Percentage |
|---|---|---|
| NSW Murray | High security | 100% |
| General security | 100% | |
| NSW Murrumbidgee | High security | 100% |
| General security | 100% | |
| Vic Murray | High reliability | 100% |
| Vic Goulburn | High reliability | 100% |
| SA Murray | Class 3 (irrigation) | 100% |
Source: Elders Water Trading
Murray (below Choke) Zone average Temp Price 1 October to 10 December 2021
Data provided by: www.waterflow.io
Murray (above Choke) Zone average Temp Price 1 October to 10 December 2021
Data provided by: www.waterflow.io
Murrumbidgee Zone average Temp Price 1 October to 10 December 2021
Data provided by: www.waterflow.io
Goulburn Zone average Temp Price 1 October to 10 December 2021
Data provided by: www.waterflow.io
For assistance with your water needs contact the Elders water trading team on 1300 220 214.
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