Australian water markets report 2010-2011

• National Water Commission

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09 December 2011As well as providing the definitive national statement of water trading activity, this report stands as a valuable information resource that describes trading arrangements and activity in each jurisdiction. It updates market users and other interested parties on market activity, recent administrative and legislative changes, and key events influencing the various water markets across Australia.

Findings

2010–11 was characterised by high rainfall and flooding across large areas of Australia, with 2010 being the wettest year on record in the Murray–Darling Basin. Water allocations were the highest seen in at least six years in eastern Australia. Allocations that were not required to water crops were traded, in large volumes and at low prices, to those who had capacity to store water for future seasons through mechanisms such as carryover.