Markets

Australia exports 359,392t Aug canola, down 15pc on Jly

Liz Wells October 12, 2023

A canola crop in the western Riverina district of southern NSW ahead of harvest. Photo: Barry Haskins

AUSTRALIA exported 359,392 tonnes of canola in August, down 15 percent from the 424,153t shipped in July, according to the latest data from the Australian Bureau of Statistics.

Japan on 130,411t followed by France on 124,324t and the United Arab Emirates on 61,375t were the three largest markets for August-shipped canola.

The August 2023 figure is well up on the August 2022 total of 151,556t, and points to the record 2022-23 crop estimated by ABARES at 8.3 million tonnes (Mt).

Harvest of new crop started last month in, and is gathering pace this month as first deliveries filter into sites as far south as West Wyalong in south-central New South Wales.

ABARES forecasts 2023-24 canola at 5.2Mt, and the figure is seen as having more downside than upside, with recent months being very dry in some key growing regions.

In its April 12 Australian Oilseeds and Products Annual, USDA’s Foreign Agricultural Service estimated Australia’s 2022-23 (Dec-Nov) canola exports at a record 6.3Mt, and 2023-24 shipments at 4.5Mt.

CANOLA Jun Jly Aug Tonnes
Bangladesh 1136 51111 0 52247
Belgium 62065 59046 0 121111
Chile 0 1 0 1
France 54897 0 124324 179222
Japan 71767 153289 130411 355468
Kuwait 0 20 0 20
Malaysia 4199 7760 2945 14904
Mexico 0 33000 38843 71843
Nepal 7198 906 144 8248
New Zealand 400 425 830 1655
Pakistan 115599 89330 0 204929
Philippines 0 1 0 1
South Korea 205 407 520 1132
UAE 5497 28856 61375 95728
Vietnam 420 0 0 420
TOTAL 323384 424153 359392 1106929

 

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