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Key analytical updates on the Murray Darling Basin Water Market. Analysis of the market for water allocation will be assisted by the Greeneye Visual Trading Platform which charts the Victorian Goulburn Murray water market.

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Tuesday, December 2, 2008

LATEST ALLOCATION ANNOUNCEMENTS

Goulburn Murray Water (G-M) has announce a small increase in allocations for the Goulburn system - now 21% (up 3%), and the Murray - now 24% (up 3%). There are still no allocations for any of the other G-M Water managed systems.

According to G-M Water, there is little likelihood of any more than 30% allocation for either the Goulburn or Murray system by mid February and 0% for other systems.

In NSW, the Department of Water and Energy has announce a 10% increase in the Darling system General Allocation to 40%. In the Murrumbidgee system General Allocation has moved up by 2% to 9% with another 2% available after February 2009. However, with insufficient inflows in the Murray system, there has been no move on allocations.

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