Australia sets new canola-shipment record

Published 2023년 2월 21일

Tridge summary

Australia set a new record for canola exports in December, with a total of 883,885 tonnes shipped, a 16% increase from November. The main markets were Belgium, Germany, and The Netherlands. Lachstock Consulting's report indicates that 753,000 tonnes of canola was still on the stem in January, making it an impressive start to the 2022-23 marketing year. However, the upcoming winter crop is expected to see a decrease in area due to lower prices, high input costs, and the possibility of a drier year.

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

Original content

Australia exported 883,885 tonnes of canola in December to set a new new monthly record by surpassing the 854,950t shipped in March 2022, according to data from the Australian Bureau of Statistics. The December figure is up 16 percent from the 761,772t shipped in November, with Belgium on 241,577t the biggest market, followed by Germany on 183,671t and The Netherlands on 129,449t. In its canola supply-and-demand report released January 27, Lachstock Consulting said 753,000t was on the stem for January. “This represents an impressive start to the 2022-23 marketing year, with the export pace to date 56pc than the same time last year,” the report said. Lachstock’s reports echo the sentiments coming through from growers, agronomists and organisations that the upcoming winter crop is expected to see a drop in area. “Our early forecast for 2023-24 is for lower planted area compared to 2022-23. “We are assuming that the area planted to canola ...

Source: UkrAgroConsult