Australia exports 181,948t of canola in October

Published 2024년 12월 10일

Tridge summary

In October, Australia's canola exports significantly dropped by 53% compared to September, totaling 181,948 tonnes, due to the annual decrease in volume before the new crop becomes available in November. The overseas markets that received the most Australian canola in October included France, Belgium, and Pakistan. This decrease was also observed in year-over-year data, with October 2024 shipments being 52% lower than October 2023. This situation arises amidst anticipated increased demand for Australian new-crop canola due to a disappointing European rapeseed production season, as indicated by the numerous cargoes bound for Europe and Pakistan as of late.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Australia exported 181,948 tonnes of canola in October, according to the latest data from the Australian Bureau of Statistics. The figure is down 53 percent from the 383,314t shipped in September, and represents the annual rundown in volume seen ahead of new crop, which is expected to appear in November data. October 2024 shipments are down 52pc from 381,328t shipped in October 2023. France on 65,134t was the biggest market for Australian canola shipped in October 2024, followed by Belgium on 62,612t, and Pakistan on 33,425t. After a disappointing season for European rapeseed production, its demand is expected to come early for Australian new-crop canola. Lachstock Consulting’s summary of shipping stems indicates a number of cargoes heading to Europe this and last month, with destinations including Belgium, France, and The Netherlands, as well as Pakistan. Table 1: Australian canola exports for August, September and October 2024. Source: ABS For almost 30 years of expertise in the ...

Source: UkrAgroConsult