Water Market Trends (Plus News)

By | 01/11/2018

Water Market Trends

Last month two water trading reports came out:

Aither 2017-18 REVIEW AND 2018-19 OUTLOOK

This report covers is mainly concerned with prices. Their forecast for average annual prices is $315 per ML.
Link (PDF)

Victorian Water Trading Annual Report for 2017-18

This report shows the trends in where and how much water is traded in Victoria. Two thirds of the movement of water from the Goulburn to the Murray system is through tagged accounts.
Link (PDF)

More News

Basin-wide

  • Agriculture Minister David Littleproud reiterates that Commonwealth environmental water is up to the CEWH and politics should stay out of it.
    Link
  • Public consultations are being held for feedback on government on-farm water efficiency projects.
    Link
  • MDBA reviews the claims that water recovery is underestimated by more efficient irrigation (due to less groundwater flowing back into rivers.) Science behind plan found to be unaffected.
    Link
  • MDBA to use satellite imagery to monitor ecological benefits of environmental flows.
    Link
  • Seven new members are appointed to MDBA advisory panel.
    Link
  • In Senate estimates committee, Commonwealth Environmental Water Holder disagrees with Barnaby Joyce over diverting environmental water to irrigation. Link

Victoria Specific

  • Recent sale of 20 GL of environmental water in the Goulburn system averaged $290 per ML.
    Link
  • Victorian government launches $400 000 Mallee Irrigation Incentive Program to fund irrigation improvements.
    Link
  • Former Goulburn-Murray Water managing director is accused of misusing $60k of expenses. He was on $380k/year.
    Link
  • Former Goulburn-Murray Water managing director says his expense claims were approved. Link
  • Goulburn-Murray Water is investigating water theft in Numurkah.
    Link
  • Victorian Water Minister says the market should decide, rather than government picking winners and losers.
    Link
  • Lower Murray Water sees spike in water use.
    Link
  • Goulburn Murray Irrigation District Water Leadership Group suggests test questions for water recovery proposals.
    Link
  • Victorian Labor proposes 80 ha native fish hatchery to be built near Shepparton.
    Link
  • Goulburn-Murray Water is running at a $118 million deficit, largely due to a $100 million depreciation expense.
    Link
  • Northern Victoria left out of parliament’s water committees, despite the region’s size in irrigation.
    Link
  • Nationals candidate accused of taking $850k water grant but didn’t implement the water saving work. Link

South Australia Specific

  • SA Murray irrigators will get better forecasts of future allocations. Link

New South Wales Specific

  • NSW is releasing new water entitlements that are available in 41 water sources. Link
  • Cotton plantings expected to be down 30 % on last year in Southern NSW.
    Link
  • WaterNSW is pumping water in the Menindee Lakes system to reduce surface area thus evaporation.
    Link
  • NSW’s plans to change the operation of Menindee Lakes to reduce evaporation may have an impact on golden perch and Murray cod populations.
    Link
  • Jemalong Irrigation is offering scholarships of $2500 to $5000.
    Link
  • NSW’s IPART has released their proposal for changes to rural water costs.
    Link
  • Murray Valley Groundwater Irrigators Association drops class action against NSW Government. Controversy continues.
    Link
  • By the end of the year, Lake Keepit and Split Rock Dam in NSW could fall to 2 % and 5 % due to drought. Link

Other

  • Review into Tasmanian Irrigation recommends that the board be more representative of its customer base.
    Link
  • Theodore irrigation scheme in Queensland transitions from state government ownership to irrigator ownership.
    Link
  • Central Lockyer Water Supply Schemes will have new pricing scheme, which is not good for some irrigators.
    Link
  • The Weekly Times publishes an article covering the construction of small farm dams.
    Link
  • Western Australian government will raise water licence fees to earn an additional $30 million per year.
    Link
  • Collie Water in WA will take on a $396 million project to reduce salinity in Wellington Dam.
    Link
  • Tasmanian Irrigation’s annual report says they reduced water delivery costs by more than 11 %.
    Link
  • Concerns raised over how WA’s Southern Forests Irrigation Scheme will affect growers not involved in the scheme. Link

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