A low risk of spill has been declared for the Murray River system.
Northern Victoria Resource Manager Mark Bailey said the risk of spill in the Murray system was below the 10 per cent threshold for a declaration, to be made.
"There is about a seven per cent risk of spill from Victoria's share of Lake Hume," Dr Bailey said.
"The low risk of spill declaration releases almost 102 gigalitres from spillable water accounts in the Murray system for use or trade."
The risk of spill from Lake Hume decreased, despite the storage holding more water than at the previous risk assessment and receiving strong inflows in October.
"We welcome the higher volume in Lake Hume," Dr Bailey said.
"The likely lower catchment flows during spring and summer mean the risk of spill is decreasing, even with the current La Nia event."
Dr Bailey said the risk of spill assessment did not describe the chances of flooding this season.
"The risk of spill is a water accounting assessment. It does not refer to flood risks downstream of the storages," Dr Bailey said.
Allocation trade from New South Wales to Victoria is limited to the lesser of a net annual volume of 200 GL or a volume that keeps the risk of spill in the Victoria's share of the both Hume and Dartmouth reservoirs below 50 per cent.
The current risk of spill in the Murray system allows 200 GL of net trade from New South Wales to Victoria. Customers can find out more about trade adjustments on the Water Register website.
Have you signed up to Stock & Land's daily newsletter? Register below to make sure you are up to date with everything that's important to Victorian agriculture
.