Australia’s January canola exports drop 6pc from December

Published 2023년 3월 14일

Tridge summary

Australia's canola exports in January reached 715,098 tonnes, a 6 percent decrease from December, with Germany being the largest market. The export data, released by the Australian Bureau of Statistics, also indicated that the December figures have been revised down by 14 percent from the record high. The upcoming 2023-24 crop forecast shows a significant decrease, with a projected drop in both the crop yield and the area planted with canola. This results in an anticipated total export volume of 4.9 million tonnes, marking a 29 percent decrease from the previous marketing year's record.

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

Original content

Australia exported 715,098 tonnes of canola in January, down 6 percent from the December total of 763,347t, according to the latest export data from the Australian Bureau of Statistics. The December figure has been revised down 14pc from the record 883,885t issued last month, which means the March 2022 canola-export record of 854,950t still stands. Germany on 238,244t was the biggest market by far, followed by Belgium on 130,726t and Bangladesh on 105,200t. ABARES last week released its March Agricultural Outlook and Australian Crop reports, including its initial forecast for the 2023-24 crop of 5.4 million tonnes (Mt), down 35pc from the record 8.3Mt grown in 2022-23. Likewise, area planted to canola is expected to drop sharply from 3.9Mha to 3Mha. Exports are forecast to ...

Source: UkrAgroConsult