Export

Nov canola exports jump as new-crop shipments start

Liz Wells, January 22, 2020

A CBH Group cargo of WA canola arrives in Rotterdam in May 2017. Photo: CBH Group

AUSTRALIA shipped 95,391 tonnes of canola to export customers in November, up 160 per cent from the 36,687t shipped in October, according to the latest data from the Australian Bureau of Statistics (ABS).

The jump comes at its normal time in the Australian shipping calendar, and reflects new-crop canola seed becoming available to supply crushers in Europe until May, when their own crop becomes available.

As with the 2018/19 Australian canola year, all bulk canola exports are likely to come out of South Australia and Western Australia, as well as supplementing supplies to New South Wales, where drought has again had a massive impact on production.

Destination Sep Oct Nov Tonnes
Belgium 0 0 59400 59400
China 49350 30850 30191 110391
Japan 6450 1111 1720 9281
Malaysia 1941 2941 2167 7048
Nepal 5510 1486 1138 8135
New Zealand 303 299 775 1377
TOTAL 63555 36687 95391 195634

Table 1: ABS canola export data for September, October and November 2019.

In November, the Australian Oilseeds Federation (AOF) revised its estimate for the crop just harvested to 1.9 million tonnes (Mt) from 2.4Mt seen in July.

AOF executive officer Nick Goddard said the return of China to the Australian canola market was a new demand component, and would likely support prices nationally.

“The east-coast crop at 1.1Mt is up 25pc on last year, softening some of the demand pressure from east-coast crushers though, as with last year, seed will need to be brought across from SA, and potentially WA.

2018/19 final 2019/20 estimate
State Harvested ha Tonnes Harvested ha Tonnes
NSW 190,000 200,000 160,000 176,000
Vic 300,000 400,000 380,000 608,000
SA 200,000 260,000 230,000 320,000
WA 1,200,000 1,450,000 950,000 792,000
Total 1,890,000 2,310,000 1,720,000 1,896,000

Table 2: AOF production estimates for mainland Australia’s canola production based on figures from state bodies.

 

 

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