Australia: October canola exports plunge to 42,997t
Australia exported 42,997 tonnes of canola in October, 75pc below the September total of 170,970t, according to the latest export data from the Australian Bureau of Statistics (ABS).
October is typically the low month for Australian canola exports, with the October 2021 figure totalling 14,418t, down from 102,597t shipped in September 2021.
In October 2022, Japan on 27,831t appeared to be the only bulk customer.
Australia’s 2022-23 (Oct-Sep) canola crop was forecast by ABARES at a record 7.3 million tonnes.
The flow of new-crop cargoes to Europe and other destinations has already started, and while consecutive rain events have limited New South Wales production, other states are on track for bumper years.
| CANOLA | Aug | Sep | Oct | Tonnes |
| Bangladesh | 274 | 492 | 1437 | 2202 |
| Belgium | 0 | 63350 | 64 | 63414 |
| Canada | 5 | 0 | 0 | 5 |
| France | 51020 | 0 | 0 | 51020 |
| Japan | 82963 | 35434 | 27831 | 146228 |
| Kenya | 10 | 0 | 0 | 10 |
| Malaysia | 4713 | 6241 | 5685 | 16639 |
| Nepal | 811 | 3702 | 7006 | 11519 |
| New Zealand | 719 | 79 | 208 | 1007 |
| Portugal | 0 | 60 | 0 | 60 |
| South Korea | 200 | 203 | 403 | 807 |
| Taiwan | 0 | 0 | 313 | 313 |
| United Arab Emirates | 10841 | 61408 | 50 | 72298 |
| TOTAL | 151556 | 170970 | 42997 | 365523 |
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