Australia’s April canola exports at 648,322t up 25pc on month

Source:  Grain Central
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Australia exported 648,322 tonnes of canola in April, up 25 percent from 520,450t shipped in March, according to the latest data from the Australian Bureau of Statistics.

Belgium on 245,234t was the largest destination for April-shipped canola, followed by Germany on 119,734t and Japan on 114,575t.

In its latest GM Canola Market Wire dated May 20, Lachstock Consulting said canola values have kept their upward momentum over May, reflecting ongoing dry conditions in Australia amid higher offshore values.

“Global canola markets have rallied, mostly due to short covering rather than any fundamental changes as the market reacts to weather chaos in Brazil,” Lachstock said.

While rain in Western Australia has been yield-saving, much of South Australia and western Victoria remain desperately dry.

Lachstock’s most recent estimate but Australia’s April-June canola exports at 1.72 million tonnes (Mt), which points to total shipments in the year to September 30 being 4.92Mt.

CANOLA Feb Mar Apr Tonnes
Argentina 0 0 1 1
Bangladesh 51436 51642 2079 105157
Belgium 66000 59080 245234 370314
Brazil 0 3 0 3
Canada 1 132 12 144
France 53487 63982 59850 177319
Germany 125412 126731 119734 371878
Greece 69415 0 0 69415
Japan 163733 103546 114575 381854
Kenya 0 0 100 100
Malaysia 2937 1004 2003 5944
Mexico 85586 32854 88350 206790
Nepal 7124 15498 15423 38045
Netherlands 24512 0 0 24512
New Zealand 0 418 420 838
Pakistan 50999 0 0 50999
South Africa 698 35 542 1274
South Korea 307 0 0 307
UAE 61116 65526 0 126642
TOTAL 762763 520450 648322 1931535

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