Export

China, Japan volume buyers of August-shipment canola: ABS

Liz Wells, October 21, 2019

AUSTRALIA shipped 72,207 tonnes of canola in August, with China and Japan the volume customers, according to the latest export data from the Australian Bureau of Statistics (ABS).

This canola crop at Lockhart in southern NSW is one of many to be cut for hay for sale recently. Photo: Mark Taylor, Taylor Grains

The August tonnage is up 86 per cent on the July figure of 38,757t, and is the largest amount shipped since April, when 88,784t was exported.

Shipping stems indicate 30,000t of canola now loading in Portland, Victoria and bound for China will be the last current-crop cargo prior to new-crop shipments starting in December.

According to the most recent ABARES Australian Crop Report released last month, national canola production from the harvest now under way is forecast at 2.3 million tonnes (Mt), up 6pc on last year but 29pc below the 10-year average to 2018/19.

Industry sources have said this figure had considerable downside, as dry spring weather in most areas and a deficit in fodder because of drought had encouraged many growers to cut crops with limited yield prospects for hay.

 

Destination June July August Tonnes
China 9600 0 33224 42824
Japan 1719 27069 26084 54871
Malaysia 2061 5145 4556 11763
Nepal 1024 6039 7544 14606
New Zealand 1332 500 798 2630
South Korea 554 0 0 554
UAE 0 3 0 3
TOTAL 16289 38757 72207 127253

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

ABARES current estimates for Australia’s major canola-producing states are:

  • New South Wales: 370,000t from 370,000 hectares;
  • South Australia: 300,000t from 220,000ha;
  • Victoria: 620,000t from 400,000ha;
  • Western Australia: 1Mt from 990,000ha.

A modest reduction in Victoria is likely, and significant cuts are expected in other states.

The Grain Industry Association of WA last month cut its canola production estimate to 792,000t, down 22pc from its August figure.

 

 

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