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Canola Canada: Dramatic Decline In Exports

Mintec Global
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In June 2022, about 284,000 tons of canola seeds were sold abroad from June 2021 to June 2022 by 58%. This is the lowest in 10 years.

Unicaps Sunflower seeds

“The most significant decrease in shipments of Canadian oilseeds was recorded in the direction of China – in June there were no shipments, while in May 152,000 tons of the product were exported to China, and in June 2021 – 310,000 tons. In addition, Canada’s canola export to Japan has gone down- respectively, up to 55 (113; 168) thousand tons “, experts say in the material.

As for the increase in shipments, Canadian traders have increased their canola exports to the EU, the US and Mexico in the reporting month – to 44 thousand tons, 93 thousand tons and 92 thousand tons, respectively.

In total, 4.3 million metric tons of canola have already been shipped from Canada since the start of the season, compared to 8.2 million metric tons during the same period last marketing year. Shipments of oilseeds to the EU fell to 584 (1.34 million tons) thousand tons, to China to 992 (2.17 million tons) thousand tons, to Japan to 1.1 (1.7) million tons.