AUSTRALIA exported 213,493 tonnes of canola in November, almost 14 times the amount shipped in the previous month, to reflect the availability of new crop.
Pakistan on 64,458 tonnes took the greatest volume of November-shipped canola, followed by The Netherlands on 64,458t and Belgium on 54,654t.
This latest monthly figure is 9pc below the 233,931t of canola exported in November 2020, when Germany was the month’s biggest customer.
According to Lachstock Consulting’s latest supply-and-demand report for canola released January 11, a number of vessels due to load canola in November were rolled into December.
“The pace will need to remain heavy as we move through the first half of the calendar year in order to clear our export program,” the report said.
With a record crop now in the bin which ABARES last month estimated at 5.7 million tonnes (Mt), exports are expected to eclipse the record 3.5Mt shipped in both 2012-13 and 2016-17, and the 3.3Mt shipped in 2020-21.
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Table 1: Australian canola exports in September, October and November 2021. Source: ABS
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