Export

Australia canola exports drop 60pc over May

Liz Wells, July 16, 2019

AUSTRALIA’S canola exports in May totaled 35,757 tonnes, down 60 per cent from the April total of 88,784t, according to the latest export data from the Australian Bureau of Statistics (ABS).

Crushing plants like this facility in Brest, France often source Australian canola to crush when Europe’s stocks are low. Photo: Bunge

The May 2019 figure is slightly below the May 2018 figure of 37,839t, and reflects the normal seasonal drop in Australian canola shipments as current-crop supplies run low.

This occurs at a time when the European rapeseed harvest gathers pace, and those sourcing seed for crushing plants in Belgium, Denmark, France, Germany and The Netherlands look to local supply to fill requirements.

Trade sources earlier told Grain Central any carryout in Western Australia particularly might make its way to crushers in eastern Australia, some of which have already sourced interstate seed to fill the deficit left by the poor 2018 crop in New South Wales.

Destination March April May Tonnes
Belgium 123917 70796 0 194713
Canada 36 54 8 98
China 0 10497 0 10497
France 80962 0 0 80962
Germany 85689 0 0 85689
Japan 352 2499 30533 33384
Korea 1648 0 600 2249
Kuwait 0 20 0 20
Malaysia 987 512 1461 2960
Myanmar 0 0 499 499
Nepal 0 3560 1006 4566
Netherlands 41 40 41 123
New Zealand 0 303 1608 1911
South Africa 61 0 0 61
USA 0 0 0 0
Vietnam 0 504 0 504
TOTAL 293693 88784 35757 418234

Table 1: ABS canola export data for March, April and May 2019.

 

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Your email address will not be published.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Contributions that contravene our Comments Policy will not be published.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!