Australia exported about 7.70 lakh tonnes of canola in November

22-Jan-2025 11:11 AM

In November 2024, Australia saw a significant increase in its canola exports, shipping 7.70 lakh tonnes, a sharp rise from 1.80 lakh tonnes in October and 3.83 lakh tonnes in September.

This brought the total canola exports for the quarter from September to November 2024 to 13.33 lakh tonnes.

The European Union remains the largest market for Australian canola, with Belgium importing 3.81 lakh tonnes, Germany 3.10 lakh tonnes, and France 1.85 lakh tonnes.

Other notable importing countries include Pakistan (1.30 lakh tonnes), Japan (1.16 lakh tonnes), as well as Bangladesh, Nepal, the Netherlands, Malaysia, the UAE, and South Korea.

For comparison, Australia exported 5.42 lakh tonnes of canola in November 2023, and a shipping company reports that 5.37 lakh tonnes were shipped in December 2024.

Exports are expected to continue to rise in January 2025, with forecasts suggesting 6.48 lakh tonnes will be shipped.

The strong new crop harvest and continued demand in importing countries are key factors driving this growth, though Australia faces competition from Canada in the global market.