Export

Australian canola exports tread water ahead of small eastern crop

Liz Wells, August 20, 2018

LATEST data from the Australian Bureau of Statistics says Australia shipped 58,096 tonnes of canola in June, up 56 per cent on May shipments, but well down on totals of previous months as bulk shipments for the year wind down.

While exporters have enough seed to cover containerised sales, and a few bulk cargoes in the back end of the marketing year, new-crop attention in eastern Australia has switched to whether it will have enough to fulfil domestic requirements from November on.

The New South Wales canola crop, forecast last month by the Australian Oilseeds Federation (AOF) at 490,000 tonnes from 425,000 hectares, is now seen as more likely to produce 400,000t, with limited soil moisture available to crops as flowering begins.

AOF executive officer, Nick Goddard, said while South Australia was likely to have sufficient export surplus for some cargoes, and Western Australia would have plenty, bulk shipments out of Victoria and NSW could not be expected while dry conditions prevailed.

“I can’t see exports out of the east coast, and things might be so challenging that some canola needs to come around from the west coast,” Mr Goddard said.

“East coast supplies might just meet domestic demand.”

This comes from canola’s major crushers, Cargill in Newcastle, Riverina Oils and BioEnergy in Wagga Wagga, MSM Milling at Manildra, and Riverland Oilseeds at Numurkah.

With Cargill, Australia’s only large-scale cottonseed crusher, now ratcheting back production at its Narrabri plant because of scarce and expensive seed, canola meal has been sought to put into animal feed rations.

 

Destination April May June Tonnes
Argentina 1 0 0 1
Bangladesh 5688 3208 1702 10598
Belgium 171716 84 0 171800
Canada 72 0 0 72
China 600 5433 3610 9643
Indonesia 108 0 0 108
Germany 247312 0 0 247312
Japan 29205 3576 1057 33838
Korea 0 721 0 721
Malaysia 1955 0 1929 3884
Nepal 6148 3345 4783 14276
New Zealand 1343 291 514 2148
Singapore 311 0 0 311
South Africa 0 1 0 1
UAE 87500 20680 44000 152180
Vietnam 210 0 501 711
TOTAL 552169 37339 58096 647604

Australian Bureau of Statistics canola export data for April, May and June 2018.

 

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