Australia exports 769,478t canola in November

Published Jan 23, 2025

Tridge summary

In November, Australia saw a significant increase in canola exports, reaching 769,478 tonnes, with Germany, Belgium, and The Netherlands being the main recipients. This increase is largely due to the challenging growing season in Western Australia and New South Wales, which has helped to start the bulk canola shipment program earlier than previous years. Lachstock Consulting anticipates Australia will export 648,000 tonnes of canola in the current month, with a total of 1.2 million tonnes scheduled to load in the next month. The global market for oilseeds is experiencing volatility due to various factors, and the political relationship between China, the US, and Canada could also impact canola trade.

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

Original content

Australia exported 769,478 tonnes of canola in November, according to the latest data from the Australian Bureau of Statistics. Germany on 310,108t was the biggest market for November-shipped canola, followed by Belgium on 192,979t, and The Netherlands on 65,753t. The November 2024 figure is well above the 542,317t exported in November 2023, largely as a result of the more challenging growing season in Western Australia which, along with New South Wales, generally starts Australia’s bulk canola shipment program. According to recent Lachstock Consulting Australian Export Vessel Line-ups reports, Australia is expected to export 648,000t of canola this month after shipping 537,000t in December. Lachstock’s GM Canola Market Wire released on Monday said 1.2 million tonnes (Mt) of canola is scheduled to load next month. The report said global markets continue to show “a huge amount of volatility” around oilseeds, with tight US soybean stocks, dry conditions for Argentina’s ...

Source: UkrAgroConsult