Source: Zoom Earth
The Market Online - At The Bell

Join our daily newsletter At The Bell to receive exclusive market insights

  • A slow-moving cyclone in North Queensland has knocked over power lines and cut electricity to around 40,000 homes from Cairns to the Cassowary Coast
  • Cyclone Niran was declared a Category One system by the Bureau of Meteorology (BoM) this morning, with sustained winds of 85 kilometres near the centre and wind gusts of up to 120 kilometres per hour
  • A warning has been issued from Cape Flattery to Mission Beach as dozens of schools across Queensland close while the wild weather rages
  • The cyclone is expected to strengthen over the next few days, though at this stage the BoM expects it to remain mostly offshore
  • Still, the cyclone has wiped out banana plantations across Innisfail and cut off some communities from the rest of Queensland due to flooded roads
  • The impact the severe weather will have on local banana supply and the infrastructure damage caused by the cyclone is not yet known

A slow-moving cyclone in North Queensland has knocked over power lines and cut electricity to around 40,000 homes from Cairns to the Cassowary Coast.

A tropical low has caused wild weather off the coast of Cairns and was declared a Category One system by the Bureau of Meteorology (BoM) this morning.

Dubbed Cyclone Niran, the system has sustained winds of 85 kilometres per hour near the centre with wind gusts of up to 120 kilometres per hour, according to the BoM.

A warning has been issued from Cape Flattery to Mission Beach, with dozens of schools across North Queensland closed while the wild weather rages. Residents have been urged to take precautions and stay alert for further advice.

The BoM said the cyclone is expected to intensify over the next day or two, though the system is expected to remain off the north coast.

Still, according to an ABC report, BoM forecaster Rosa Hoff warned the cyclone could strengthen to a Category Three system later this week.

“Even though a direct coastal crossing is unlikely, we are seeing severe weather impacts out of the system already and we’re going to continue seeing them over the next few days before the system starts to retract further into the Coral Sea,” Rosa said.

Banana plantations across Innisfail have been wiped out by the severe weather, while heavy rainfall has flooded roads and cut off some communities from the rest of Queensland.

Queensland police have urged residents not to drive through flooded areas.

The impact the severe weather will have on local banana supply and the infrastructure damage caused by the cyclone is not yet known.

More From The Market Online
AI image representing commodity price trends

Waning appetites for green metals and the ‘comfortable’ safe haven of gold: Thoughts on investment and commodities

Lithium's past highs and recent lows, in addition to copper's rally and gold's strong performance are…
Two miners digging in a cave awash with gold light.

The ASX gold miners benefiting most from gleaming bullion prices

Gleaming gold prices across the globe have helped several ASX gold miners sparkle especially bright as…
Image representing economic data.

GDP grows 0.2% in June quarter, but annual growth the slowest since the 1990s

Australian GDP for the June quarter came in on-target at 0.2%, the same figure as in…
Stack of coins next to a upward curve symbolizing rising costs due to inflation

Inflation cools in the 12 months to July, with reading of 3.5%

Australia's CPI reading for the 12 months to July showed an increase by 3.5%, down from…