Markets

Australian canola exports dwindle to 1636t in August

Liz Wells, October 21, 2020

NSW is set for its first bumper harvest since 2016, and crops like this one on the Liverpool Plains are only a few weeks away from harvest.

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.

CANOLA June July August Tonnes
Belgium 0 0 84 84
China 56261 0 0 56261
Japan 2029 1687 1192 4908
Kenya 0 2 0 2
Malaysia 1081 0 0 1081
Nepal 0 662 361 1023
South Korea 725 0 0 725
TOTAL 60096 2350 1636 64083

Table 1: Australian canola exports for June, July and August 2020. Source: ABS

 

 

 

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