Australia ships 762,869t canola in February

Liz Wells, April 12, 2024

Early sown canola is off to a strong start at a trial site in Boorowa on the inner south-west slopes of NSW. Photo: Justin Kudnig, Pacific Seeds

AUSTRALIA exported 762,869 tonnes of canola in February, up 80 percent from the 424,712t shipped in January, according to the latest data from the Australian Bureau of Statistics.

Japan an 163,734t followed by Germany on 125,412t and Mexico on 85,586t were the three largest markets for February-shipped canola.

Year on year, the February 2024 figure sits well above the 592,027t shipped in February 2023, when Belgium, The Netherlands and Japan were the three largest markets.

According to Lachstock Consulting’s April 3 Supply and Demand Report – Canola,  Australia is expected to export around 1.7 million tonnes (Mt) of canola over February, March and April.

“This would put export pace at just over 3.61Mt, down 16pc from last year, and puts us on track at around 66pc of our total export forecast for the year,” the report said.

Growers across southern Australia are making a start on planting their 2024-25 canola.

“A recent improvement in canola values compared to wheat is likely to result in more canola area being retained in rotations than our previous estimate for the eastern states.

“We still expect canola to lose some area to cereals, but strong oat and pulse values will win some hectares too.

“We have had a hot and dry February-March for most major canola-growing regions in the eastern states.

“Although subsoil moisture is still good, many growers will need to see a good rainfall event between now and sowing, which will ideally kick off at the end of April.”

Western Australia remains in need of rain.

“Recent rainfall events have been disappointing for most growers in WA.

“It remains a watch point as we get closer to sowing, particularly as the latest forecast is for hot and dry conditions to continue into April.”


CANOLA Dec Jan Feb Tonnes
Bangladesh 6995 6543 51689 65227
Belgium 0 58478 66000 124478
Brazil 1 0 0 1
Canada 0 0 1 1
France 98123 0 53487 151610
Germany 125134 65451 125412 315998
Greece 31743 0 69415 101158
Japan 97696 61013 163734 322443
Kuwait 0 21 0 21
Malaysia 3778 4345 2937 11061
Mexico 80002 0 85586 165588
Nepal 2637 4480 7532 14649
Netherlands 0 99674 24512 124186
New Zealand 1463 0 0 1463
Pakistan 80288 79006 50999 210293
Philippines 0 10 0 10
South Africa 44 0 142 186
South Korea 206 0 307 513
UAE 35499 45691 61116 142306
TOTAL 563611 424712 762869 1751192

Table 1: Australian canola exports for December 2023 and January and February 2024. Source: ABS


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