Water trading - October update - Elders Rural Services
water-in-tree-lined-river

Water trading – October update

The Elders Weather rainfall outlook suggests multiple cold fronts will develop across the country from 26 October onwards. These are expected to bring widespread rainfall particularly in eastern Australia. In Western Australia the strongest cold fronts will develop from 27 October and reoccur during November, bringing widespread rainfall.

According to the Murray-Darling Basin Authority, water levels in the Hume Dam have reached 97 per cent (pc), with outflows of around 16,000 ML/day. Downstream demand is likely to be high with state allocations increasing in recent weeks. In the River Murray, inflows have increased due to a combination of outflows from the Hume Dam and inflows from tributaries downstream of the Hume. Irrigators continue to have access to unregulated flows along the River Murray and Edward-Wakool system. The River Murray currently has active storage of 7,956 GL, an increase of 19 GL in the past week.

Prices

Temporary water market

Water MarketTemporary (per ML)
Murray (Below Choke)$110.00 to $115.00
Murray (Above Choke)$85.00 to $90.00
Murrumbidgee$85.00 to $90.00
Goulburn$80.00 to $85.00

Source: Elders Water Trading

 

Allocations

Open allocation for the season

Trading regionEntitlement TypePercentage
NSW MurrayHigh security100%
General security110%
NSW MurrumbidgeeHigh security95%
General security63%
Vic MurrayHigh reliability100%
Vic GoulburnHigh reliability100%
SA MurrayClass 3 (irrigation)100%

Source: Elders Water Trading

Murray (below Choke) Zone average Temp Price 1 August to 10 October 2021

graph showing water prices 1 Aug to 10 October Murray below choke

Data provided by: www.waterflow.io

Murray (above Choke) Zone average Temp Price 1 August to 5 October 2021

graph showing water prices 1 Aug to 10 October Murray above choke zone

Data provided by: www.waterflow.io

Goulburn Zone average Temp Price 1 August to 5 October 2021

graph showing water prices 1 Aug to 10 October Goulburn zone

Data provided by: www.waterflow.io

Murrumbidgee Zone average Temp Price 1 August to 5 October 2021

graph showing water prices 1 Aug to 10 October Murrumbidgee zone

Data provided by: www.waterflow.io

For assistance with your water needs contact the Elders water trading team on 1300 220 214

Learn about our services