Markets

Australia Jan canola exports up 146pc on month

Liz Wells, March 7, 2022

Canola growing in the Victorian Corinella Farms Portfolio. Photo: LAWD

AUSTRALIA exported 709,570 tonnes of canola in January, up 146 per cent from the December figure of 288,761t, according to the latest export data from the Australian Bureau of Statistics (ABS).

The January 2022 figure is up 28pc on January 2021 canola exports of 555,206t.

Belgium on 196,618t followed by Germany on 185,682t were the two biggest markets for January 2022 canola shipments, followed by France on 127,417t.

According to Lachstock Consulting’s March 2 Australian Vessel Lineups commentary, Australia’s 2021-22 (Oct-Sep) canola exports are expected to peak in March at around 1.1 million tonnes (Mt).

This will break the previous monthly shipment record set in March 2021 of 748,982t and is expected to be the biggest month in Australia’s record canola shipment year.

USDA forecasts Australian canola exports at a record 4.4 million tonnes (Mt), and ABARES last week lifted its forecast for current-crop production to 6.35Mt from 5.73Mt forecast in December.

CANOLA Nov Dec Jan  Total
Bangladesh 50484 1500 18338 70322
Belgium 119400 62500 196618 378518
France 0 84807 127417 212224
Germany 127454 126662 185682 439798
Hungary 42 0 0 42
Indonesia 0 339 105 444
Japan 1278 1786 70730 73794
Malaysia 1925 6933 3395 12253
Nepal 2877 3890 1217 7984
Netherlands 57968 0 86045 144013
New Zealand 250 0 0 250
Pakistan 64458 0 0 64458
Poland 0 0 20000 20000
South Africa 20 0 23 43
South Korea 0 344 0 344
United Arab Emirates 56498 0 0 56498
TOTAL 482654 288761 709570 1480985

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

Grain Central: Get our free news straight to your inbox – Click here

 

HAVE YOUR SAY

Your email address will not be published.

Your comment will not appear until it has been moderated.
Contributions that contravene our Comments Policy will not be published.

Comments

Get Grain Central's news headlines emailed to you -
FREE!