Export

Australian May canola exports at 165,589t up 19pc on month

Liz Wells, July 10, 2020

A canola crop in the Forbes district of central NSW, which is enjoying its best season in years. Photo: Jim Cronin, Nutrien

AUSTRALIA exported 165,589 tonnes of canola in May, up 19 per cent from 139,147t shipped in April, according to the latest data from the Australian Bureau of Statistics (ABS).

China and Germany combined bought 151,636t, or 92pc, of total May shipments, with Japan and Malaysia the third and fourth-biggest customers.

Australia’s total May 2020 canola shipments are more than four times greater than the 35,757t shipped in May last year, and reflect Australia’s bigger export surplus, and also confidence in new-crop production.

It means canola crushers in New South Wales, including Cargill at its Newcastle plant, will have ample supply from the state’s crop for the first time in two years.

This has allowed exporters from Western Australia to book cargoes to Europe before its new-crop arrives without fear of shorting a premium-paying domestic market.

This time last year, severe drought in the northern half of NSW destroyed hopes of an early crop to supply crushers in November-December, and much of the southern NSW and northern Victorian crop was also below average due to dry conditions.

This meant WA and some South Australian tonnage which would normally be exported in the first half of the calendar year was held over for domestic crushers.

March April May Tonnes
Canada 26 15 0 40
China 88730 4987 91136 184853
Germany 39600 65866 60500 165966
Japan 6833 1289 8802 16924
Kenya 0 1 0 1
Kuwait 0 14 0 14
Malaysia 4706 2978 4506 12190
Myanmar 480 0 0 480
Nepal 19 0 0 19
Netherlands 188694 63492 0 252185
New Zealand 503 506 258 1267
South Korea 1179 0 387 1566
Thailand 7624 0 0 7624
TOTAL 338393 139147 165589 643129

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