Unused Water: April 2020
7 April 2020
The rainfall event at the start of March saw prices in the water market start to drop. Further rainfall at the start of April was widespread and put further downward pressure on allocation prices.
The drop in prices seems illogical given that the volume of water in Murray storages are well down on the same time last year and only slightly higher in the Murrumbidgee storages.
The interesting factor in the current market is the current balance of unused water being held in irrigators accounts as shown in the following tables for Victoria and NSW.
|Est Usage Remaining|| Est.|
| NSW |
| Est Usage|
1 Balance of unused water as at 31 March 2020. Data extracted from https://waterregister.vic.gov.au/
2 Balance of unused water as at 31 March 2020. Data extracted from https://waterregister.waternsw.com.au/water-register-frame
Irrigators have started their Autumn watering and we anticipate approximately 100GL to be consumed in both Victoria and NSW. Regardless of this usage, there will be a significant increase in the volume of carryover being taken into next season. This will have an impact on allocation markets next season, regardless of whether it rains or not.
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