The Rabobank Group have released February's Agribusiness Review, a main focus on climate conditions in Australia and New Zealand throughout January was addressed. These reports are formulated by Rabobank's Food and Agribusiness Research and Advisory division and are distributed monthly.
The continuing La Nina conditions and monsoon troughs have meant that Australia have experienced wetter than usal conditions throughout the month of January. Maximum temperatures were at the lowest in almost a decade.
Easterly troughs brought flooding and rain to the Northern areas aswell as South East Queensland.
Cyclone Heidi and Iggy affected Western Australia with high levels of rainfall and dry conditions were experienced in the Northern and Central areas of Australia.
"The Murray- Darling Basin is at over 80% capacity and the Copeton Dam has reached its capacity for the first time, brought about by above average summer rainfall," Rabobank, Agribusines Review February 2012.
The weather in New Zealand was relatively cool and windy throughout January, an evident low pressure system was hovering over the country.
Both easterly and northerly winds were present in the first half of the month causing wet and windy conditions in the north east. Cool southerlies also brought cold air over the country.
A dry climate was experienced throughout most of New Zealand, in paticular the top of the South Island received only half the usual rainfall.
"Temperatures were normal throughout January in the North east of both islands. Areas including the Bay of Plenty, Canterbury and Central Otago experienced a coole-than-normal month- despite Southern areas of the South Island receiving above average sunlight hours," Rabobank Agribusiness Review February 2012.
"Near normal conditions are expected to return in the lead up to autumn, as La Nina moderates. NIWA expects near normal rainfall and temperatures across most regions in early autumn," according to NIWA outlook for February to April 2012.