AUSTRALIA exported 1636 tonnes of canola in August, down 30 per cent from the July figure, and just 2pc of the 71,698t shipped in August last year, according to data from the Australian Bureau of Statistics (ABS).
As at 14 October, Western Australia’s CBH Group had 45,007t of canola in total stored at its four ports, which will allow it to meet export commitments ahead of new-crop shipments starting in December.
Out of all Australian canola-growing states, WA has faced the toughest season, but will still be the exporter of most of Australia’s 2020-21 canola due to its big canola area and small domestic market.
Following three drought-affected growing seasons, New South Wales will be loading bulk cargoes of canola for Europe from December , and South Australia is expected to do the same, with Victoria likely to follow suit with its later crop in January.
Table 1: Australian canola exports for June, July and August 2020. Source: ABS
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