As part of Victoria’s ongoing commitment to water market transparency, post-trade opening reports have been regularly published since October 2023.

The release of the Post Trade Opportunity Opening Report, July 2025, summarises the outcomes from the July Barmah and Goulburn to Murray trade openings, and provides insights into the number, volume, and order of applications processed.

The Barmah and Goulburn to Murray trade opportunities both opened for a 7-hour submission window between 7:00 am and 2:00 pm on Wednesday 2 July 2025. Both trade openings used a randomisation approach to determine the order of application processing.

The Barmah opportunity opened with a balance of 38,767.7 megalitres (ML). A total of 235 eligible trade applications were received, with a total volume of 86,418.9 ML. Of these applications, 138 were made to Victoria, and 97 were made to New South Wales. Processing resulted in 51 approved Victorian applications and 45 approved NSW applications.

The Goulburn to Murray trade opportunity opened with a balance of 99,775.2 ML. A total of 436 eligible trade applications were received, with a total volume of 195,206.5 ML. Processing resulted in 232 applications being approved.

The Australian Competition and Consumer Commission (ACCC) participated in both of the trade openings as an independent observer. The ACCC observed the execution of the randomisation processes and and will provide a written statement on the way they were carried out. A copy of this written statement will be published on the trade reports page once it becomes available.

PDF: Post Trade Opportunity Opening Report (July 2025) (4.2 MB)