Markets

Australia exports 608,826t canola in Feb

Liz Wells, April 19, 2022

AUSTRALIA exported tonnes 608,836 tonnes of canola in February, down 7 per cent from the 652,530t shipped in January, according to the latest export data from the Australian Bureau of Statistics (ABS).

Continuing the trend of recent months, Germany was the biggest market for February shipments.

It was the destination for 141,294t of the total, followed by Belgium on 129,929t and France on 88,705t.

According to Lachstock Consulting’s latest monthly GM Canola Market Wire released today, Australia’s 2021-22 canola-shipment program will hit its straps at more than 800,000t each month from March to May.

This falls well short of the monthly 1 million tonnes expected in March at least, and is a function of fierce competition on shipping stems across southern Australia from wheat, barley and pulses.

In its Agricultural commodities: March quarters 2022 report, ABARES has forecast Australia’s 2021-22 (Oct-Sep) canola exports at a record 5.2 million tonnes (Mt), well ahead of the record 3.6Mt shipped in 2016-17.

CANOLA Dec Jan Feb  Tonnes
Bangladesh 1500 18338 54526 74364
Belgium 62500 139618 129929 332047
Canada 0 0 2 2
France 84807 127417 88705 300929
Germany 126662 185682 141294 453638
Indonesia 339 105 60 504
Japan 1786 70730 56531 129047
Malaysia 6933 3395 1897 12225
Nepal 3890 1177 2201 7268
Netherlands 0 86045 82621 168666
Poland 0 20000 0 20000
South Africa 0 23 57 80
South Korea 344 0 0 344
United Arab Emirates 0 0 51013 51013
TOTAL 224761 652530 608836 1486127

Table 1: Australian canola exports for December 2021 and January and February 2022. Source: ABS

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