Markets

Australia’s Aug canola exports drop 55pc on month

Liz Wells, October 15, 2022

South Australian canola crops, like this one on the Johns family farm at Alford on Yorke Peninsula, are heading for record yields.

AUSTRALIA exported 152,452 tonnes of canola in August, down 55 per cent from the 335,929t shipped in July, according to the latest data from the Australian Bureau of Statistics (ABS).

Japan on 82,963t was the biggest market by far for August-shipped canola, followed by 51,020 and the United Arab Emirates on 10,841t.

The August 2022 figure is little different from August 2021, when 151,763t of canola was shipped, and Japan was the biggest market on 85,824t.

Canada is expected to start shipping its new-crop in volume from this month, which is expected to .

The Australian canola harvest is under way  at the usual time in Western Australia, but other states will be harvesting at least two weeks beyond their normal date as La Niña delays ripening, windrowing and harvest.

Waterlogging and flooding on the plains of New South Wales, and in northern and central Victoria, is impacting yield in many crops, and some will not recover from this latest drenching.

However, crops in the Victorian Wimmera and Mallee, across South Australia and WA and on the slopes of NSW are looking at bumper to record yields.

According to Lachstock Consulting, Australia’s 2022-23 canola crop is now seen at 6.1 million tonnes (Mt).

This compares with the ABARES estimate released on early September of 6.6Mt, which is seen as having more downside than upside in light of current flooding.

June July Aug Tonnes
Bangladesh 2493 21204 570 24267
Belgium 124824 62278 0 187102
Canada 0 17 5 22
France 30941 0 51020 81962
Hungary 0 39 0 39
Japan 120913 76098 82963 279974
Kenya 0 0 10 10
Malaysia 2406 3508 4813 10728
Mexico 0 42750 0 42750
Nepal 2399 3387 1311 7096
Netherlands 82967 0 0 82967
New Zealand 0 0 719 719
Pakistan 55000 0 0 55000
South Korea 405 407 200 1013
UAE 51717 126241 10841 188799
UK 66000 0 0 66000
TOTAL 540066 335929 152452 1028447

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