Home | Water Market Outlook - August 2021

Water Market Outlook - August 2021

Waterfind CEO, Tom Rooney, was invited to discuss forthcoming drivers for permanent and temporary water markets at the national ABARES webinar held on 5 August.

The ABARES Water Market Outlook August 2021, published on 3 August, provides initial forecasts for water prices in 2021-22 water season for the major trading zones in the southern Murray-Darling Basin (sMDB), along with analysis of the various supply and demand drivers currently affecting the sMDB water market.

Mr Rooney explained that over the past 20 years there has been greater market participation in temporary trading in the Murray-Darling Basin especially during dry years when allocations are lower.

He also explained that the amount of water carried over into the current season is the highest we've seen since the 2017-18 irrigation season. This coupled with higher allocations has resulted in higher quantities of water supplied to the markets and the potential to lower water market prices.

Download Waterfind's presentation of the Water Market Outlook August 2021 here

ABARES outlook scenarios are modelled using the ABARES Water Trade Model and include the latest data from state water agencies and updated seasonal conditions from the Bureau of Meteorology.

View the ABARES Water Market Outlook for August 2021 report and presentation here

Related News & Updates

Subscribe to Newsletter
Hume Dam Risk of Spill Update
The Hume Dam is effectively full and if a spill event is declared in the Murray region, it will be the first spill since the 2017-18 water season.
Read more
Southern Basin water market update July 2021
There is currently a higher volume of tradeable water in the southern basin compared to this time last year and prices are half the price or less.
Read more
Australian Water Tender extended until 15 July 2021
Waterfind is closed for Temporary trading but Permanent opportunities are still available through the Australian Water Tender.
Read more
The Australian Water Tender 2021 - Week 4 Report
A total of 199 ML of Permanent water valued at over $515,000 has been traded in the Australian Water Tender.
Read more

Contact a Water Market Specialist today to discuss your water requirements or trade online 24/7 on our live Water Market.

Register for Water market