Australia’s March canola exports set new record

Source:  GRAIN Central

Australia exported 857,832 tonnes of canola in March, up 41 per cent from the 608,557t shipped in February, according to the latest export data from the Australian Bureau of Statistics (ABS).

The March figure is believed to be represent a record for monthly canola exports out of Australia to beat the 748,982t shipped in March 2021.

Belgium on 193,773t was the biggest market for March 2022 shipments, followed by Germany on 183,258t, France on 147,980t and The Netherlands on 123,241t, and a cargo to the United Kingdom rounded up shipments to Europe for the month.

Additional demand came from Asia and the Middle East, and surprise entrant the United States, which will appear in the April data with what is believed to be its first full cargo ever of Australian canola.

Australia’s canola exports for the January-March quarter total 2.1 million tonnes, close to quadruple the tonnage shipped in the October-December quarter.

The jump reflects new-crop availability, and the string of cargoes heading to offshore markets from ports stretching from Port Kembla in New South Wales to Geraldton in Western Australia.

According to Lachstock Consulting, shipping stems had indicated 600,000-700,000t of canola was to be exported in both April and May before volume reduce to around 400,000t in June.

CANOLA Oct-Dec Jan Feb Mar Jan-Mar Oct-Mar
Bangladesh 97832 18338 54246 16950 89534 187366
Belgium 119400 139618 129929 193773 463320 582720
Canada  0 0 2 12 14 14
France 0 127417 88705 147980 364102 364102
Germany 127454 185682 141294 183258 510234 637688
Hungary 42 0 0 0 0 42
Indonesia 120 105 60 0 165 285
Japan 2357 70730 56531 56983 184244 186601
Malaysia 6078 3395 1956 7068 12419 18497
Nepal 5876 1177 2143 5550 8870 14746
Netherlands 57968 86045 82621 123241 291907 349875
New Zealand 497 0 0 3900 3900 4397
Pakistan 64458 0 0 0 0 64458
Poland 0 20000 0 0 20000 20000
Singapore  0 0 0 206 206 206
South Africa 20 23 57 46 126 146
South Korea 0 0 0 1408 1408 1408
Taiwan  0 0 0 565 565 565
UAE 56498 0 51013 51792 102805 159303
UK  0 0 0 56300 56300 56300
US  0 0 0 8800 8800 8800
Total 538600 652530 608557 857832 2118919 2657519

Table 1: Australian canola exports from October 2021 to March 2022. Source: ABS

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