Markets

Australia exports 263,704t canola in December

Liz Wells, February 10, 2021

Receiving canola at Natimuk in Victoria’s Wimmera region. Photo: GrainCorp

AUSTRALIA exported 263,704 tonnes of canola in December, up 11 per cent from the November total of 233,931t, according to the latest data from the Australian Bureau of Statistics (ABS).

European crushers were the volume customers, with Germany taking two cargoes, and Belgium and France one each.

The December 2020 figure is also ahead of the December 2019 total, when 258,166t was shipped and Germany was again the volume buyer.

In its Oilseeds: December quarter 2020 report, ABARES forecast Australian 2020-21 canola exports at 2.7 million tonnes (Mt), with the European biodiesel market the major consumer.

This is up 71 per cent from the 2019-20 figure to reflect New South Wales’ recovery from drought and eastern Australia’s return to a significant export surplus.

ABARES said Australian canola was expected to regain some of the market share lost to Canada when production was significantly below average in 2018–19 and 2019–20 because of the drought which hit canola hardest in NSW.

Australian and Canadian canola are competing in the drought-affected European market.

However, Australian non-GM canola is projected to maintain its price premium because of its secondary value as non-GM meal in Europe’s dairy industry.

ABARES forecast for Australian canola production in the current crop year stands at 3.7Mt, up 59pc from the drought-affected 2019-20 level.

CANOLA Jly Aug Sep Oct Nov Dec Tonnes
Bangladesh 0 0 0 0 520 3675 4195
Belgium 0 0 80 0 0 61620 61700
Brazil 0 0 0 0 0 44 44
Canada 0 0 16 23 16 4 59
China 0 0 0 0 93097 0 93097
France 0 0 0 0 0 59540 59540
Germany 0 0 0 0 131498 125456 256954
Japan 1687 1192 11893 1427 8737 1110 26046
Kenya 2 0 9 0 0 56 66
Nepal 662 361 0 0 0 11370 12392
Netherlands 0 0 0 0 42 0 42
New Zealand 0 0 0 0 0 817 817
Philippines 0 0 0 7 22 12 41
UAE 0 0 0 5 0 0 5
TOTAL 2350 1552 11997 1463 233931 263704 514997

Table 1: Australian monthly canola exports for July to December 2020. Source: ABS

 

 

 

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