Welcome to the Elders Water Market Update for the 2025/26 season, for the week beginning 18 February 2026.
Allocations
The following allocation announcements have been made:
- Murrumbidgee general security received no allocation increase, leaving total allocation at 32per cent
- NSW Murray general security received no allocation increase, leaving total allocation at 20per cent.
Allocations are as follows:
| Zone | Allocation | 1 year ago | +/- per cent |
| Murrumbidgee | |||
| High Security | 95 pc | 95 pc | Same |
| General Security | 32 pc | 37 pc | -5 pc |
| NSW Murray (Zones 10 & 11) | |||
| High Security | 97 pc | 97 pc | Same |
| General Security | 20 pc | 110 pc | -90 pc |
| Lachlan | |||
| High Security | 100 pc | 100 pc | Same |
| General Security | 22 pc | 6 pc | +16 pc |
| Vic Murray (Zones 6 & 7) | |||
| High Reliability | 100 pc | 100 pc | Same |
| Low Reliability | 0 pc | 0 pc | Same |
| SA Murray | 100 pc | 100 pc | Same |
| Murrumbidgee Deep Groundwater | 100 pc | 100 pc | Same |
| Lower Murray Deep Groundwater | 100 pc | 100 pc | Same |
| Lower Lachlan Groundwater | 100 pc | 100 pc | Same |
Trade Restrictions
MURRUMBIDGEE/MURRAY IVT
Is currently open for Murrumbidgee to Murray trade, but closed for Murray to Murrumbidgee trade, with balances as follows:
- Murray to Murrumbidgee – -5.9GL
- Murrumbidgee to Murray – 105.9GL
BARMAH CHOKE is closed.
Storages
According to the Bureau of Meterorology (BOM), storage levels are currently as follows:
| As at 9am | Current | 1 Day | 7 Days | 30 Days | 1 Year | |
| Murrumbidgee | 13 Feb 26 | 28.4 pc | NIL | -0.5 pc | -6.7 pc | -16.0 pc |
| Blowering | 11 Feb 26 | 40.7 pc | -0.2 pc | -2.4 pc | -12.0 pc | - 27.0 pc |
| Burrinjuck | 11 Feb 26 | 38.2 pc | NIL | -0.8 pc | -7.0 pc | - 14.2 pc |
| Murray | 13 Feb 26 | 49.7 pc | NIL | - 1.4 pc | -6.4 pc | - 14.2 pc |
| Hume | 31 Jan 26 | 28.3 pc | NIL | -1.0 pc | -6.7 pc | - 13.2 pc |
| Dartmouth | 12 Feb 26 | 68.7 pc | -0.1 pc | -0.8 pc | -3.3 pc | - 17.9 pc |
| Lachlan | 13 Feb 26 | 71.2 pc | NIL | -1.0 pc | -7.3 pc | -14.5 pc |
| Wyangala | 11 Feb 26 | 70.7 pc | - 0.1 pc | - 1.6 pc | -7.8 pc | -14.6 pc |
Current Temporary Market
Indicative pricing is as follows:
| Zone | Buyers | Sellers | Last trade | Trend |
| Murrumbidgee | $550 | $550 | $500 | Up |
| NSW Murray 10 (Above Choke) | $375 | $375 | $375 | Up |
| NSW Murray 11 (Below Choke) | $540 | $540 | $540 | Up |
| Vic Murray 6 (Above Choke) | $340 | $340 | $340 | Steady |
| Vic Murray 7 (Above Choke) | $540 | $540 | $540 | Up |
| SA Murray | $545 | $545 | $545 | Up |
| Lachlan | $200- $250 | $200- $250 | $200- $250 | Steady |
| Murrumbidgee Deep Aquifer Zone 1 | - | - | - | - |
| Murrumbidgee Deep Aquifer Zone 2 | $150 | $150 | $150 | Steady |
| Murrumbidgee Deep Aquifer Zone 3 | - | $135 | - | Steady |
| Lower Murray Groundwater | $80 | $80 | $80 | Steady |
| Lower Lachlan Groundwater | $60 | $60 | $60 | Steady |
Current Permanent Market
Indicative pricing is as follows:
| Zone | Price per mL |
| Murrumbidgee | |
| High Security | $8,650 to $8,750 |
| General Security | $2,500 to $2,600 |
| Supplementary | $800 to $850 |
| NSW Murray Above Choke (Zone 10) | |
| High Security | $6,000 to $6,100 |
| General Security | $1,700 to $1,750 |
| NSW Murray Below Choke (Zone 11) | |
| High Security | $9,500 to $11,000 |
| General Security | $2,600 to $2,700 |
| VIC Murray Above Choke (Zone 6) | |
| High Reliability | $4,400 to $4,500 |
| Low Reliability | $850 to $950 |
| VIC Murray Below Choke (Zone 7) | |
| High Reliability | $7,000 to $7,500 |
| Low Reliability | $1,800 to $2,000 |
| SA Murray Class 3 | $7,800 to $8,000 |
| Murrumbidgee Deep Aquifer (zone dependent) | $3,800 to $4,200 |
| Lachlan (Upper & Lower) | |
| General Security | $1,800 to $1,900 |
| High 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 12 February . The full outlook can be viewed here but, in summary, the long-range forecast for March to May
- Rainfall is likely to be below average for most of the southern two-thirds of Australia.
- Daytime temperatures are very likely to be above average across most of the southern two-thirds of Australia and parts of far northern Australia.
- Overnight temperatures are likely to very likely to be above average across much of Australia.
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.
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