17 Nov 21

Water trading – November update

The Elders Weather rainfall outlook suggests multiple cold fronts with the potential to bring widespread rain over southern and eastern Australia will start 23 to 27 November, 5 to 9 December and 18 to 22 December. In the West the strongest cold fronts are expected between 7 to 11 December, 16 to 20 December and again on 21 to 25 December.

According to the Murray-Darling Basin Authority, water levels in the Hume Dam have remained steady at 97 per cent (pc), managing volume requirements downstream. Rainfall early in November is expected to increase inflows and reduce downstream demand which could see water levels rise. Access to unregulated flows are currently only available downstream of Torrumbarry weir, supported by unregulated inflows to the Murray from the Murrumbidgee and lower Darling Rivers. With more rain expected during November there is a high likelihood of access to unregulated flows downstream of the Hume Dam.

Prices

Water Market	Temporary (per ML)
Murray (Below Choke)	$95.00 to $100.00
Murray (Above Choke)	$75.00 to $80.00
Murrumbidgee	$85.00 to $90.00
Goulburn	$75.00 to $80.00

Source: Elders Water Trading

Allocations

Trading region	Entitlement Type	Percentage
NSW Murray	High security	100%
NSW Murray	General security	100%
NSW Murrumbidgee	High security	100%
NSW Murrumbidgee	General security	100%
Vic Murray	High reliability	100%
Vic Goulburn	High reliability	100%
SA Murray	Class 3 (irrigation)	100%