Australia's Water Markets Show Record Trade Activity
The National Water Commission has released the Australian Water Markets Report 2008-2009, saying that it charts the remarkable growth of Australia's water markets.
This authoritative national statement of trade volumes, prices and trends is particularly important given the increasing role of government water purchasing programs and the impacts of 4% limit on entitlement trade.
This year's report finds that in the 2008-09 year, the trade of water entitlements almost doubled (1800 GL compared to 920 GL in 2007-08), and that allocation trade continued to grow significantly (2158 GL compared to 1594 GL in 2007-08).
The Australian Water Markets Report was produced with assistance from the Allen Consulting Group and the Bureau of Rural Sciences, and was funded under the Australian Government's Raising National Water Standards Program.
This year's report drew for the first time on the water data being collected from the states, territories and other water management entities by the Bureau of Meteorology under the Water Act 2007. The Commission also acknowledges the valuable contributions by state and territory departments and other data sources.
