MARKET UPDATE

The Water Market seems to be continuing along at about the $340 - $350 range per ML. There are quite a few small parcels for sale at the $320 mark however the demand is for larger parcels.

The Water Move weekly auction was over a tight spread last week with 1a Goulbourn and Barmah to SA at $335.50 and above the Choke at $350.50 on thin volumes.

With more rain last Monday the market is likely to stay flat. If the prediction of rain later in the week firms then there may be a slight easing prior to the close of trading for the water year.