Australia in July reduced shipments of canola by 40%

Published Sep 15, 2021

Tridge summary

The Australian Bureau of Statistics has reported a 40% decrease in canola seed exports from Canada in July, with the largest shipments going to the UAE, Japan, and Nepal. The total export volume for the 2021/22 marketing year is projected to reach 6.5 million tons, which is 40% lower than the previous season, due to declining stocks ahead of the new harvest and reduced production estimated at 14.7 million tons, marking a 24% decrease from the previous year.

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

Original content

According to the latest estimates of the Australian Bureau of Statistics (ABS), 114.4 thousand tons of canola seeds were shipped to the country's foreign markets in July, which is 40% less than in June (189.9 thousand tons), Grain Central reports. As specified, the largest volumes of oilseed were supplied to the UAE - 51.2 thousand tons, Japan - 39.4 thousand tons, and Nepal - 17.5 thousand tons. The data for July reflects continued declining stocks ahead of the new harvest and strong demand as the global market adjusts to a significant decline in Canadian exports. In general, the export of canola from Canada in 2021/22 MY is ...

Source: Oilworld