Canola exports plunge to 36,687t ahead of new-crop: ABS

Grain Central December 19, 2019

AUSTRALIA exported 36,687 tonnes of canola in October, down markedly from 63,556t shipped in September, in line with the usually annual run-down of stocks ahead of new-crop.

Latest data from the Australian Bureau of Statistics shows China has maintained its place as Australia’s volume buyer of canola in recent months, taking 30,850t, or 84 per cent, of total October shipments.

Loading of new-crop vessels is starting this month, with Europe expected to be the major destination for early shipments.

CANOLA Aug Sep Oct Tonnes
China 33224 49350 30850 113425
Japan 26084 6450 1111 33645
Kenya 0 1 0 1
Malaysia 4556 1941 2941 9438
Nepal 7035 5510 1486 14032
New Zealand 798 303 299 1400
TOTAL 71698 63556 36687 171942

Table 1: ABS data for Australia’s August, September and October 2019 canola exports.



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