Australia’s July canola exports drop 13pc over month

A crop of canola growing in the Gippsland region of south-east Victoria. Photo: Pioneer Seeds

AUSTRALIA exported 386,653 tonnes of canola in July, down 13 percent from the 444,733t shipped in June, according to the latest data from the Australian Bureau of Statistics.

The United Arab Emirates on 152,384t followed closely by Japan on 151,871t and France on 59,075t were the three biggest markets for Australian canola exported in July.

ABS data shows China has bought Australian canola in consecutive months for the first time in what trade sources say has been years.

While only 500t in both June and July, the exports may indicate China is prepared to reconsider Australia as an origin after imposing a zero blackleg tolerance.

The July 2024 total for Australian canola exports is 9pc below the 424,153t shipped in July last year, when Japan followed by Pakistan and Belgium were the three major destinations.

According to Lachstock Consulting’s latest analysis of vessel line-ups, Australia is expected to ship 352,000t of bulk canola this month, in line with the usual season rundown seen ahead of new crop.

CANOLA May Jun Jly Tonnes
Argentina 0 0 13 13
Bangladesh 3544 53621 4446 61612
Belgium 122478 0 0 122478
Canada 6 0 0 6
Chile 128 0 0 128
China 0 500 500 1000
France 55000 0 59075 114075
Germany 131602 61861 0 193463
Japan 132795 129443 151871 414109
Malaysia 5479 2839 3309 11627
Mexico 0 87950 0 87950
Nepal 16807 13963 15054 45824
Pakistan 181293 36023 0 217316
South Africa 80 0 0 80
UAE 92945 58533 152384 303862
TOTAL 742156 444733 386653 1573542

 



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