Australia details canola exports of 6.13 million tonnes from October 2023 to September 2024

Published 2024년 11월 18일

Tridge summary

Australia exported 6.13 million tonnes of canola in the year ending September 30, with Japan, Germany, and the UAE as major markets. The 2023-24 exports are comparable to the previous year's 6.02 million tonnes, highlighting the EU's importance as a key market. The 2024-25 harvest is progressing well, especially in Western Australia and parts of New South Wales and Victoria. Domestic demand remains strong as crushers aim to meet their needs amid rising global values and export demand. Global canola prices are bolstered by reduced EU crop yields, poor Canadian harvests, challenging planting conditions in South America, and geopolitical tensions in the Middle East.

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

Original content

Australia exported 6.13 million tonnes (Mt) of canola in the year to September 30, according to the latest data from the Australian Bureau of Statistics. Japan on 1.33Mt was the largest market, followed by Germany on 885,864t and the United Arab Emirates on 768,061t. In the next three places came Belgium on 676,194t, France on 665,860t, and Pakistan on 661,130t. Australia’s 2023-24 canola exports are little changed from the 6.02Mt shipped in 2022-23, and once again highlight the importance of European Union destinations in the first two quarters of the Australian shipping year. As outlined in Peter McMeekin’s article published Tuesday, the European Union collectively made up the biggest market for Australian canola in 2023-24. Australia’s 2024-25 canola harvest is around one third through, with the Western Australia making good progress, and key eastern Australian areas of southern and central New South Wales, and the Wimmera in Victoria, starting to advance at pace. Domestic ...

Source: UkrAgroConsult