Cropping

Australia’s April canola exports up 38pc from March

Liz Wells, June 12, 2018

AUSTRALIA exported 554,503 tonnes of canola in April, up 38 per cent from the March figure of 401,614t, according to the latest data from the Australian Bureau of Statistics (ABS).

This lifts Australia’s February-April canola shipments to 1.46 million tonnes (Mt), with Germany on 617,158t and Belgium on 495,845t the two biggest customers for the period.

Reappearing on the destination list for Australia in April was the United Arab Emirates, which Australian Oilseeds Federation (AOF) chief executive officer, Nick Goddard, was at times Australia’s second-largest bulk market behind Europe.

“It’s an important market for us. It has large feedlots which use the canola meal, and the crushers there can export the oil,” Mr Goddard said.

Australia’s domestic oilseed crushers have also been active on last year’s crop, selling canola meal into the drought and regular stockfeed market, and exporting more oil to China.

“Canola and rapeseed prices have remained pretty firm, even though soybeans prices are deflated because of trade and other issues.”

Mr Goddard said Australia’s canola shipments might have peaked in April, but were likely to continue in volume over coming months, with crushers in Europe showing some concern about local production.

“Some of the European crop is suffering from hot and dry weather, which will pull back their yields, and the ongoing demand for seed for their crush will be supportive.”

Feb Mar Apr Tonnes
Argentina 0 0 1 1
Bangladesh 0 6010 6183 12193
Belgium 245540 78589 171716 495845
Canada 0 24 73 97
China 0 0 600 600
France 31461 65374 0 96835
Germany 191260 178586 247312 617158
Indonesia 211 0 108 319
Japan 1132 2243 29525 32900
Kenya 3 0 0 3
Korea 0 801 0 801
Kuwait 19 0 0 19
Malaysia 515 1492 2955 4962
Nepal 4647 6091 6666 17404
Netherlands 0 60000 0 60000
New Zealand 497 1319 1343 3159
Portugal 30000 0 0 30000
Singapore 0 0 311 311
South Africa 180 44 0 224
UAE 0 46 87500 87546
USA 0 1 0 1
Vietnam 0 994 210 1204
Tonnes 505465 401614 554503 1461582

 

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