Terra Ag Water Markets update - 27th April 2023
With end of season fast approaching check your transfer requirements now before trade restrictions take effect at the end of May.
Murrumbidgee River and Coly Irrigation trading will cease 31st May,
Murrumbidgee Irrigation and NSW Murray will remain open for trade until 30th June
Murray Irrigation yet to announce but normally closes the week before 30th June
Anybody with carryover in these zones take note for last dates of lodgement onto Holders accounts/licences
Rainfall over the last few weeks has stymied pre-watering activities for a few weeks with potential for later watering still a possibility if rainfall drops back in May/June
Current allocation markets are priced as:
Murrumbidgee: $4
NSW Murray (below choke): $5
Vic Goulburn: $10
NSW Murray (above choke): $3, noting some allocation was purchased last week for $0.50
Permanent markets have steadied over the last month with smaller parcels in Vic zones picking up buyer interest. This is most likely due to timing of the season coming into 30 June, any water to come to market may now wait until July for financial reasons. The other factor underlining is the current Government tender open for expressions – markets will be looking for a signal from this tender in June/July.
Market Opportunities:
Forward Water for sale (next season):
Murrumbidgee - $150/ML – Aug/Sep/Oct ‘23 delivery – CALL
Murray (above choke) - $100/ML – Jul/Aug/Sep ‘23 delivery – CALL
Vic Murray (below choke) - $150/ML – Aug/Sep’23 delivery
Vic Goulburn - $110/ML – Jul-Sep’23 delivery
Carryover For Sale:
Murray Irrigation - $85/ML
Vic Goulburn - $90/ML
Vic Murray (below choke) - $130/ML
925ML Murrumbidgee General Security - $ MAKE AN OFFER – SOLD
135ML Murrumbidgee Irrigation Supplementary - $$ CALL – SOLD
393ML Lower Murrumbidgee Groundwater – Zone 2 - $$MAKE AN OFFER
420ML Murrumbidgee High Security - $$ CALL TO DISCUSS
195ML VIC Goulburn High Security - $4,100
Regards,
Grant Volz
Director – Terra Ag Rural Agencies
Unit 30, 16-24 Whybrow St, Griffith NSW 2680
M: 0418 916 031
F: 02 6964 6095
