Waterfind has released its quarterly CEO Report (Q3) for the 2014/2015 irrigation year. The report details the last three months of the 2014/2015 irrigation year, and outlines key issues impacting irrigators; water market closures, water policy news, industry updates and price and demand of temporary and permanent water markets. The snapshots below provide an insight to the current conditions of the Australian Water Market for Q3 of the 2014/2015 irrigation year
Temporary water prices reflect the differences in availability and demand across irrigation districts in Australia.
- Dry conditions and lower water availability kept the demand for temporary water high during Q3 of the 2014/15 irrigation season, while heavy rainfall in April reduced demand only slightly.
- Within the Southern-Connected system, a major share of demand for temporary water this season has come from irrigators in Victoria, especially from the Murray, below the Barmah Choke and Goulburn systems.
Permanent water trading activity was steady and consistent with the trading volumes experienced during previous seasons
- Underpinned by the increased confidence and reinvestment in agriculture, as well as lower water availability compared to seasons 2010–2013, average prices in the national permanent water markets during 2014/15 season have been consistent with the upward trend which started in the latter half of the 2013/14 season
- The Commonwealth’s buyback tender in Southern NSW has had a minimal impact on entitlement prices.
Waterfind CEO, Alister Walsh, spoke about the increased activation of the forward markets across a wider range of valleys with forward contracts secured in the Queensland and Northern New South Wales markets, as well as the Southern Connected System, where most of the activity occurred last year: “The forward market has greatly assisted many of our clients in securing a strong market price for their water ahead of future delivery as well as providing allocation risk management opportunities for purchasers.”
Moving towards the 2015/2016 irrigation season, many systems are currently forecasting lower levels of allocation availability. Irrigators are already preparing for next season by activating carry over capacities and purchasing additional water to take into the new water season.
Click here to download the Waterfind CEO Report. To arrange an interview with the company CEO contact Tracey Jordan, Executive Assistant to CEO.
Waterfind is a pioneer in the water market industry. The company has a strong focus on innovation and quality systems, which underpin their highly personalized service offering.
Established in 2003, Waterfind developed a quality endorsed water market system that expanded from a local focus on water supply and demand, to a national market that covers key agricultural industries and investors. At present, Waterfind facilitates the buying and selling of both permanent and temporary water across the major irrigation regions of NSW, QLD, SA and VIC.
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