13 May 2025

Latest water update

 

Welcome to the Elders Water Market Update for the 2024/25 season, for the week beginning 12 May 2025.

Trade Closures

In accordance with the relevant Valley Water Sharing Plans, please note the following Season Close dates for water allocation trading:

  • Murrumbidgee Regulated Interstate – CLOSED
  • Murrumbidgee Regulated Intravalley – 1:59pm 30 June 2025
  • NSW Murray and Lower Darling Regulated River Interstate – CLOSED
  • All other Regulated Water, Groundwater and Unregulated Water - 11:59pm 30 June 2025
  • Coleambally Irrigation – 12pm 30 June 2025
  • Murray Irrigation – TBC
  • Murrumbidgee Irrigation – external trades 5:00pm 28 June 2025 and internal trades 11:59pm 30 June 2025.

Allocations

The following allocation announcements were made on 8 May 2025 

  • Lachlan general security received no allocation increase, leaving total allocation at seven per cent. 

As such , allocations are as follows: 

 Zone  Allocation 1 year ago  +/- per cent 

Murrumbidgee

   

High Security

95 pc100 pc-5 pc

General Security

39 pc100 pc- 61 pc

NSW Murray (Zones 10 & 11)

   

 High Security

100 pc100 pcSame

General Security

110 pc110 pcSame

Lachlan

   

High Security

100 pc100 pcSame

General Security

7 pc20 pc- 13 pc

Vic Murray (Zones 6 & 7)

   

High Reliability

100 pc100 pcSame

Low Reliability

0 pc100 pc- 100 pc

SA Murray
 
100 pc100 pcSame

Murrumbidgee Deep Groundwater

100 pc100 pcSame

Lower Murray Deep Groundwater

100 pc100 pcSame

Lower Lachlan Groundwater

100 pc100 pcSame

Trade Restrictions

MURRUMBIDGEE/MURRAY IVT
Is currently open for both Murrumbidgee to Murray and Murray to Murrumbidgee trade, with balances as follows:

  • Murray to Murrumbidgee - 11.2GL
  • Murrumbidgee to Murray - 88.8GL

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 12 May 2536.9 pcNIL+0.1 pc+0.3 pc- 32.5 pc
Blowering10 May 2533.6 pcNIL+1.8 pc+2.4 pc- 37.3 pc
Burrinjuck10 May 2542.0 pc- 0.1 pc- 0.5 pc- 2.9 pc- 24.9 pc
Murray12 May 2549.5 pcNIL- 0.1 pc- 2.5pc- 26.5 pc
Hume10 May 2521.4 pcNIL+ 0.1 pc-3.3 pc- 36.9 pc
Dartmouth11 May 2575.0 pc- 0.1 pc- 1.0 pc- 3.8 pc- 19.1 pc
Lachlan 12 May 2579.6 pcNIL- 0.4 pc- 1.7 pc- 15.2 pc
Wyangala10 May 2579.2 pc-0.1 pc- 0.4 pc- 1.9 pc- 15.3 pc

Current Temporary Market

Indicative pricing is as follows:

ZoneBuyersSellersLast tradeTrend
Murrumbidgee$300$300$300Steady
NSW Murray 10 (Above Choke)$175$180$177Steady
NSW Murray 11 (Below Choke)$300$300$300Steady
Vic Murray 6 (Above Choke)$200$200$200Up
Vic Murray 7 (Above Choke)$315$320$320Up
SA Murray$315$320$320Up
Lachlan$115$115$115Down
Murrumbidgee Deep Aquifer Zone 1--- 
Murrumbidgee Deep Aquifer Zone 2-$60- 
Murrumbidgee Deep Aquifer Zone 3$50$50$50Steady
Lower Murray Groundwater$65$65$65Steady
Lower Lachlan Groundwater$50$50$50Steady

Current Forward Market

Indicative pricing is as follows, assuming a 1 November 2025 delivery date:

ZonePrice
Murrumbidgee$350
Murray Above Choke$230
Murray Below Choke$385

Current Carryover Market

Indicative pricing is as follows, assuming Placer risk:

ZonePrice
Murrumbidgee$50- $75
Murray Above Choke$70
Murray Below Choke$50 - $75

Current Permanent Market 

Indicative pricing is as follows: 

 Zone  Price per mL 
Murrumbidgee 
High Security$8,500 to $8,600
General Security$2,600 to $2,700
Supplementary$800 to $850
NSW Murray Above Choke (Zone 10) 
High Security$7,500 to $7,600
General Security$1,700 to $1,800
NSW Murray Below Choke (Zone 11) 
High Security$8,600 to $8,700
General Security$2,600 to $2,700
VIC Murray Above Choke (Zone 6) 
High Reliability$4,300 to $4,400
Low Reliability$550 to $650
VIC Murray Below Choke (Zone 7) 
High Reliability$7,000 to $7,100
Low Reliability$2,000 to $2,100
SA Murray Class 3$6,800 to $6,900
Murrumbidgee Deep Aquifer (zone dependent)$3,800 to $4,200
Lachlan (Upper & Lower) 
General Security$1,700 to $1,800
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 Bereau Of Meteorology released an updated outlook on 8 May. In summary:

The long-range forecast for June to August shows:

  • rainfall is expected to be in the typical range for much of Australia
  • warmer than average days are very likely across Australia, with an increased chance of unusually high daytime temperatures, particularly across far southern, northern and eastern Australia
  • warmer than average nights are very likely across Australia, with an increased chance of unusually high overnight temperatures, particularly across north-western and far southern Australia.

 

Disclaimer – important, please read:

The information contained in this article is given for general information purposes only, current at the time of first publication, and does not constitute professional advice.  The article has been independently created by a human author using some degree of creativity through consultation with various third-party sources.  Third party information has been sourced from means which Elders consider to be reliable.  However, Elders has not independently verified the information and cannot guarantee its accuracy.  Links or references to third party sources are provided for convenience only and do not constitute endorsement of material by third parties or any associated product or service offering.  While Elders has exercised reasonable care, skill and diligence in preparation of this article, many factors including environmental/seasonal factors and market conditions can impact its accuracy and currency.  The information should not be relied upon under any circumstances and, to the extent permitted by law, Elders disclaim liability for any loss or damage arising out of any reliance upon the information contained in this article.  If you would like to speak to someone for tailored advice specific to your circumstances relating to any of the matters referred to in this article, please contact Elders.

Meet the author

Daisy Armstrong

Water Broker
  • Elders Griffith

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