Markets

Australia’s June canola exports drop 11pc from May

Liz Wells, August 15, 2022

A crop of canola coming into flower at Baringhup in central Victoria. Photo: Adrian Iadaniwskyj, Mecardo

AUSTRALIA exported 480,955 tonnes of canola in June, down 11 per cent from 542,396t shipped in May, according to the latest data from the Australian Bureau of Statistics (ABS).

Japan on 120,478t was the biggest customer, taking 25pc of total June shipments, with The Netherlands on 82,967t and the United Kingdom on 66,000t, just ahead of Belgium on 65,044t.

In its August 2 Australian Export Vessel Lineups commentary, Lachstock Consulting said exports of canola are expected to drop to just under 400,000t in July, and around 270,000t in August.

Australia’s canola exports for the first nine months of its marketing year now stand at 4.64 million tonnes (Mt), with Germany on 1,151,745t and Belgium on 920,879t the biggest markets by far.

On the production front, the Grains Industry Association of WA (GIWA) on Friday lifted its forecast for Western Australian new-crop canola production to 3.16 million tonnes (Mt), up from 2.84Mt seen in its July crop report, largely due to planted area being greater than initially thought.

While the crop in Victoria is in generally in very good shape, conditions are mixed in South Australia.

In New South Wales, overcast days and wet conditions have limited area and yield potential in many districts.

The Australian Oilseeds Federation earlier this month forecast Australian canola production at 5.51Mt from 3.43Mha, compared with 2.97Mha producing a record 6.33Mt in 2020-21.

CANOLA Oct-Dec Jan-Mar Apr May June Tonnes
Bangladesh 99332 89064 33649 64733 3557 290335
Belgium 181900 463320 147145 63470 65044 920879
Canada 0 14 36 13 0 63
France 84807 364102 81898 89584 30941 651332
Germany 254116 510234 124097 263298 0 1151745
Hungary 42 0 0 0 0 42
Indonesia 459 165 0 0 0 624
Japan 4143 184244 156621 1755 120478 467241
Malaysia 13011 11843 3686 1310 2241 32091
Nepal 9766 7035 2993 3022 2604 25420
Netherlands 57968 291907 0 0 82967 432842
New Zealand 497 3900 0 0 0 4397
Pakistan 64458 0 0 0 55000 119458
Poland 0 20000 0 0 0 20000
South Africa 20 126 6 5 0 157
South Korea 344 1613 0 206 406 2569
Taiwan 0 565 0 0 0 565
UAE 56498 102805 61130 55000 51717 327150
UK 0 56300 33000 0 66000 155300
US 0 8800 31339 0 0 40139
Total 827361 2116037 675600 542396 480955 4642349

Table 1: Australian canola export from October 2021 to June 2022. Source: ABS

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