Water Update - 11 March

 

Welcome to the latest Elders Water Market Update for the week beginning 11 March 2024.

Allocations

On Friday, Lachlan General Security recieved a 2 percent (pc) allocation increase. Click here to read the full announcement. 

As such, allocations are as follows: 

 Zone  Allocation 1 year ago  +/- per cent 

Murrumbidgee

   

High Security

100 pc100 pcSame

General Security

100 pc100 pcSame

NSW Murray (Zones 10 & 11)

   

 High Security

100 pc100 pcSame

General Security

110 pc110 pcSame

Lachlan

   

High Security

100 pc100 pcSame

General Security

2 pc115 pc- 113 pc

Vic Murray (Zones 6 & 7)

   

High Reliability

100 pc100 pcSame

Low Reliability

85 pc100 pc- 15 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 CLOSED for Murrumbidgee to Murray trade, but OPEN for Murray to Murrumbidgee trade with a balance of 99.6 gigalitres (GL).

BARMAH CHOKE 
Is CLOSED.

Storages

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

  Current 1 Day  7 Days  30 Days  1 Year 
Murrumbidgee 72.8 pcNIL- 1.7 pc- 5.6%- 6.2 pc
Blowering65.9 pc- 0.1 pc- 1.0 pc- 5.9 pc- 13.5 pc
Burrinjuck83.8 pc- 0.4 pc- 3.6 pc- 6.9 pc+ 4.4 pc
Murray84.8 pcNIL- 1.6 pc- 5.5 pc- 7.0 pc
Hume72.9 pc- 0.4 pc- 2.9 pc- 7.8 pc- 19.7 pc
Dartmouth95.8 pcNIL
- 0.4 pc- 1.4 pc- 1.0 pc
Lachlan 95.8 pcNIL- 0.6 pc
- 2.3 pc- 1.0 pc
Wyangala95.7 pc- 0.1 pc- 1.0 pc- 2.5 pc- 1.1 pc

Current Temporary Market

 Zone Buyers  Sellers  Last Trade 
Murrumbidgee$25$25$25
NSW Murray 10 (Above Choke)$20$25$20
NSW Murray 11 (Below Choke)$25$25$25
Vic Murray 6 (Above Choke)$20$20$20
Vic Murray 7 (Above Choke)$25$30$26
SA Murray$25$30$26
Lachaln $80$90$80
Murrumbidgee Deep Aquifer Zone 1---
Murrumbidgee Deep Aquifer Zone 2---
Murrumbidgee Deep Aquifer Zone 3---
Lower Murray Groundwater---
Lower Lachlan Groundwater ---

Current Permanent Market 

Indicative pricing is as follows:

 Zone  Price per mL 
Murrumbidgee 
High Security$8,500 to $8,600
General Security$2,400 to $2,500
Supplementary$800 to $850
NSW Murray Above Choke (Zone 10) 
High Security$7,100 to $7,200
General Security$2,000 to $2,100
NSW Murray Below Choke (Zone 11) 
High Security$9,100 to $9,200
General Security$2,600 to $2,700
VIC Murray Above Choke (Zone 6) 
High Security$4,600 to $4,700
General Security$700 to $800
VIC Murray Below Choke (Zone 7) 
High Security$7,300 to $7,500
General Security$1,750 to $1,850
SA Murray Class 3$7,000 to $7,500
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

Current Forward Market 

Indicative pricing is as follows, assuming a 1 November 2024 delivery date:

ZonePrice
Murrumbidgee
$140
Murray Above Choke (NSW Zone 10 and Vic Zone 6)
$130
Murray Below Choke (NSW Zone 11, Vic Zone 7 and SA)
$150

Current Carryover Market 

Indicative pricing is as follows, assuming risk of spill falling to the licence holder:

ZonePrice
Murrumbidgee
$120
Murray Above Choke (NSW Zone 10 and Vic Zone 6)
$100
Murray Below Choke (NSW Zone 11, Vic Zone 7 and SA)
$120

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.

Meet the author

Daisy Armstrong

Water Broker
  • Elders Griffith

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