An Australia-wide independent water market trading platform — allowing irrigators, governments and agri-corporates to trade water products — has been launched.
The platform will cover major trading zones throughout the country and has recently been expanded by Ruralco to incorporate people who are not Ruralco clients.
Ruralco chief executive officer and managing director Travis Dillon said the revamped water trading platform would be independent and allow reputable and experienced brokers to trade their water.
‘‘There are multiple water trading platforms for brokers to choose from, which makes transparency difficult causing concern for farmers, regulators and governments,’’ Mr Dillon said.
‘‘All stakeholders in the water trading industry from irrigators through to brokers want a system that is simple, transparent and has integrity. The water exchange platform delivers this.’’
Farmers will be able to view up-to-date registered entitlement trades from all state governments, as well as view entitlement parcels with associated volume and prices that are under contract and the most recent government registered trade values.
In the last water trading year the platform completed more than 5000 transactions for temporary allocations and more than 500 permanent entitlement trades.
For more information, visit: waterexchange.com.au