Export

Australian January canola exports jump 22pc to 308,417t

Liz Wells, March 16, 2020

AUSTRALIA exported 308,417 tonnes of canola in January, up 22 per cent from the December total of 253,437t, according to the latest data from the Australian Bureau of Statistics.

Ghent is one of the Belgian ports which recieves Australian canola for crushing. Photo: North Sea Port

The January figure indicates the heady pace of current-crop Australian canola exporters, with European and Chinese crushers again the major destinations.

New South Wales harvested its third consecutive small canola crop, which means it has been a buyer of bulk cargoes of mostly Western Australian canola for crushing in Newcastle.

The increased domestic demand has shortened WA’s export surplus, which along with shipments from South Australia, will provide the bulk of Australia’s canola exports this year.

Canadian canola is competing with Australian seed into Europe, but Australia has China’s canola market to itself because of the trade dispute which started around this time last year and closed China to Canadian canola exports.

Australian Oilseeds Federation executive director Nick Goddard said China’s demand for canola could well increase as the country’s economy changes to reflect COVID-19 lockdowns.

“There are now hundreds of millions of people eating in instead of eating out, and the general feeling is there will be more packaged oil, which includes canola oil, used in home cooking,” Mr Goddard said.

CANOLA Nov Dec Jan Tonnes
Bangladesh 0 420 0 420
Belgium 59400 0 108040 167440
China 30191 62301 64382 156874
Germany 0 184704 64340 249044
Japan 1720 1232 1690 4642
Kenya 0 0 5 5
Malaysia 2165 3955 4020 10140
Nepal 1138 512 725 2376
Netherlands 0 42 64900 64942
New Zealand 775 252 246 1272
South Africa 0 20 68 88
USA 0 0 1 1
TOTAL 95389 253437 308417 657243

Table 1: ABS canola export data for November and December 2019 and January 2020.

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