Latest Water Update

Allocations

Current allocations are as follows:

Unsurprisingly, the Murrumbidgee received no allocation increase on Friday. Click here to read the full announcement.

Zone	Allocation	1 year ago	+/- per cent
Murrumbidgee
High Security	95 pc	95 pc	Same
General Security	39 pc	46 pc	- 7 pc
NSW Murray (Zones 10 & 11)
High Security	100 pc	100 pc	Same
General Security	110 pc	110 pc	Same
Lachlan
High Security	100 pc	100 pc	Same
General Security	0 pc	0 pc	Same
Vic Murray (Zones 6 & 7)	100 pc	100 pc	Same
SA Murray	100 pc	100 pc	Same
Murrumbidgee Deep Aquifer (all zones)	100 pc	100 pc	Same
Lower Murray Deep Groundwater	100 pc	100 pc	Same
Lower Lachlan Groundwater	100 pc	100 pc	Same

Supplementary Events

There are some areas where supplementary flows remain active, details of which can be found by clicking the following links:

Trade Restrictions

MURRUMBIDGEE/MURRAY IVT
Current balances are as follows:

99.8 gigalitres (GL) is tradeable from the Murrumbidgee into the NSW Murray
0.2GL is tradeable from the Murray into the Murrumbidgee

There has been no change in these figures for the past 2 weeks.

BARMAH CHOKE
Is closed.

INTERSTATE TRADING
On Friday, the Department of Planning and Environment and Water extended the temporary restriction on interstate water trades into the NSW Murray, Lower Darling and Murrumbidgee regulated river water sources.

These restrictions will extend to 30 September 2023, unless repealed earlier. The order may be repealed earlier if NSW storage levels are reduced enough to create airspace to safely receive traded water. With Upper Murray storages effectively full, this temporary trade restriction is required to mitigate the risk that water traded from Victoria or South Australia to NSW water access licence holders will spill from storage.

Storages

According to the Bureau of Meterorology (BOM), storage levels are currently as follows:

	Current	7 Days	30 Days	1 Year
Murrumbidgee	93.5 pc	NIL	+ 0.9 pc	+ 0.6 pc
Blowering	90.0 pc	- 1.5 pc	- 1.1 pc	- 7.1 pc
Burrinjuck	98.8 pc	+ 1.0 pc	+ 4.5 pc	+ 11.7 pc
Murray	95.9 pc	+ 0.4 pc	+ 2.8 pc	+ 1.7 pc
Hume	97.3 pc	+ 0.4 pc	+ 2.9 pc	+ 2.0 pc
Dartmouth	96.8 pc	NIL	- 0.8 pc	- 1.0 pc
Lachlan	99.0 pc	NIL	+ 2.1 pc	+ 3.4 pc
Wyangala	99.7 pc	+ 0.3 pc	+ 2.0 pc	+ 3.6 pc

Current Temporary Market

Zone	Buyers	Sellers	Last Trade
Murrumbidgee	$155	$160	$155
NSW Murray 10 (Above Choke)	$85	$90	$90
NSW Murray 11 (Below Choke)	$140	$145	$140
Vic Murray 6 (Above Choke)	$120	$125	$120
Vic Murray 7 (Above Choke)	$160	$155	$155
SA Murray	$160	$155	$155
Lachaln	$90	$90	$90
Murrumbidgee Deep Aquifer Zone 1	-	-	-
Murrumbidgee Deep Aquifer Zone 2	-	-	-
Murrumbidgee Deep Aquifer Zone 3	$20	$20	$20
Lower Murray Groundwater	-	-	-
Lower Lachlan Groundwater	$80	$80	$80

Current Permanent Market

Zone	Price per mL
Murrumbidgee
High Security	$8,500 to $8,600
General Security	$2,100 to $2,150
Supplementary	$800 to $850
NSW Murray Above Choke (Zone 10)
High Security	$7,100 to $7,200
General Security	$1,500 to $1,600
NSW Murray Below Choke (Zone 11)
High Security	$9,100 to $9,200
General Security	$2,500 to $2,600
VIC Murray Above Choke (Zone 6)
High Security	$4,700 to $4,800
General Security	$750 to $800
VIC Murray Below Choke (Zone 7)
High Security	$7,200 to $7,300
General Security	$1,700 to $1,800
SA Murray Class 3	$8,100 to $8,200
Murrumbidgee Deep Aquifer (zone dependent)	$3,800 to $4,500
Lachlan (Upper & Lower)
High Security	$1,500 to $1,600
General Security	$4,500 to $4,550
Lower Murray Deep Groundwater	$2,700 to $2,800
Lower Lachlan Groundwater	$3,500 to $4,000

Seasonal Outlook

The BOM released an updated outlook on 31 August. The full outlook can be viewed by clicking here but, in summary:

For September to November, below median rainfall is likely to very likely (60 pc to greater than 80 pc chance) for most of Australia.
For September to November, above median maximum temperatures are very likely (greater than 80 pc chance) for almost all of Australia.
For September to November, warmer than median minimum temperatures are likely (60 to 80 pc chance) to very likely for most of western and southern Australia.
The long-range forecast is influenced by several factors, including likely El Niño development and positive Indian Ocean Dipole development, and record warm oceans globally.

For more information contact your local water broker.

_{The information contained in this article is given for the purpose of providing general information only, and while Elders has exercised reasonable care, skill and diligence in its preparation, many factors (including environmental and seasonal) can impact its accuracy and currency. Accordingly, the information should not be relied upon under any circumstances and Elders assumes no liability for any loss consequently suffered. If you would like to speak to someone for tailored advice relating to any of the matters referred to in this article, please contact Elders.}