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The receding waters of Lake Pamamaroo, in western NSW, in February 2019. Reduced water supply, due to lower rainfall and higher temperatures, has been the main cause of increasing water prices. Dean Lewins/AAP

Drought and climate change are driving high water prices in the Murray-Darling Basin

High water prices in the Murray-Darling Basin are blamed on foreign investors and corporate speculators. The simple truth is they are caused mostly by lack of rain.

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