Japan increases demand for canola

Published 2021년 4월 5일

Tridge summary

Japan's demand for canola is on the rise, with imports expected to increase by 3.3% in the 2020-21 marketing year to around 2.32 million tonnes, and further to 2.33 million tonnes in 2021-22. The country relies heavily on Canada for canola imports, accounting for approximately 98% of Japan's canola supply, while the rest comes from Australia. In contrast, soybean imports, primarily from the U.S., are projected to decrease slightly for the current marketing year but are expected to recover in the next year. The COVID-19 pandemic has shifted consumer habits towards more home cooking, leading to increased demand for canola oil, and a slight increase in canola meal use is also anticipated.

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

Original content

MarketsFarm — Japan has continued to generate an increased demand for canola, according to Daisuke Sasatani, the U.S. Department of Agriculture’s (USDA) attaché in Tokyo. Sasatani said approximately 98 per cent of Japan’s canola imports are from Canada, while Australia supplies the remainder. The attaché estimated Japan’s canola imports in 2020-21 are to rise by 3.3 per cent at about 2.32 million compared to those in the previous marketing year. The attaché also projected the country’s imports to increase further in 2021-22 at 2.33 million tonnes. In comparison to domestic production, Japan harvested a mere 4,000 tonnes of canola/rapeseed in 2019-20, as well as in 2020-21, with expectations holding the same for 2021-22, according to Sasatani’s report. With the country’s domestic consumption projected to be nearly 2.32 million tonnes in 2020-21, it’s extremely dependent on canola imports from Canada. The most recent data from the Canadian Grain Commission showed canola exports to ...

Source: Ag Canada