Canada exported the maximum volume of canola in six months in October

Published 2020년 12월 9일

Tridge summary

In October, Canada achieved its highest canola export volume in six months, with a 17% increase from September and a 65% rise from October 2019, reaching 1.13 million tons. This growth is predominantly due to increased exports to China, the UAE, EU, and Pakistan, with China's share rising to 301 thousand tons from 169 thousand tons in October 2019. Additionally, Canada saw a rise in canola meal exports, with a notable 145 thousand ton increase to the United States, and a slight decline in canola oil exports compared to the previous year. The total export volume since the start of the season, covering August to October, stands at 2.9 million tons of canola seeds, 1.2 million tons of meal, and 797 thousand tons of oil, marking significant growth in the first two categories.

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

Original content

Canada in October exported the maximum volume of canola in half a year According to data from Oil World (Germany), in October this year, Canada increased the export of canola seeds to the maximum monthly figure for the last six months - 1.13 million tons, which is 17% more than in the previous month and almost 65% higher than in October 2019 (686 thousand tons). As specified, the largest increase in shipments compared to last year was recorded in the direction of China - up to 301 thousand tons against 169 thousand tons in October 2019, as well as the UAE - up to 120 (34) thousand tons, the EU - 231 (154 ) thousand tons and Pakistan - up to 140 (65) thousand tons. It should be noted that Canada in October also increased the export of canola meal - up to 500 thousand tons compared to 377 thousand tons last year, having shipped 324 thousand tons of the total volume to the United States and 175 thousand tons to China. In turn, the export of canola oil yielded to the last year's ...

Source: Oilworld