Markets

Canola exports drop 31pc to 339,309t in July

Liz Wells, September 19, 2022

Advanced canola crops in NSW are moving from the flowering into the podding stage, and have above-average yield potential. Photo: Barry Haskins

AUSTRALIA exported 339,309 tonnes of canola in July, down 31 per cent from the 490,466t shipped in June, according to the latest export data from the Australian Bureau of Statistics (ABS).

The United Arab Emirates on 126,241t had the distinction of being the biggest market for July-shipped Australian canola, followed by Japan on 76,098t and Belgium on 62,278t.

July data includes 42,750t shipped to Mexico, not traditionally one of Australia’s canola markets.

A May 2022 report from the USDA’s Foreign Agricultural Service said Canada was the primary supplier of rapeseed/canola, and Mexico was expected to import at total 1.28 million tonnes (Mt) of it in total in 2022-23.

Ahead of Canada’s new crop becoming available, the cargo from Western Australia is most likely a stop-gap measure for Mexico’s crushing sector.

Harvest of Australia’s 2022-23 canola crop is around six weeks away from starting, and is forecast by ABARES to produce 6.64Mt, down slightly on the record 2021-22 crop of 6.76Mt.

CANOLA May June July Tonnes
Bangladesh 64733 13108 22628 100469
Belgium 63470 65044 62278 190792
Canada 13 0 29 41
France 89584 30941 0 120525
Germany 263298 0 0 263298
Hungary 0 0 39 39
Japan 1755 120478 76098 198331
Malaysia 1310 2406 4523 8240
Mexico 0 0 42750 42750
Nepal 3022 2399 4316 9737
Netherlands 0 82967 0 82967
Pakistan 0 55000 0 55000
South Africa 5 0 0 5
South Korea 206 405 407 1018
UAE 55000 51717 126241 232958
UK 0 66000 0 66000
TOTAL 542395 490466 339309 1372170

 

Grain Central: Get our free news straight to your inbox – Click here

HAVE YOUR SAY

Your email address will not be published.

Your comment will not appear until it has been moderated.
Contributions that contravene our Comments Policy will not be published.

Comments

Get Grain Central's news headlines emailed to you -
FREE!