Glacier Farm Media | MarketsFarm – Canadian canola exports continued to stay far above those in 2023/24, the Canadian Grain Commission reported earlier in January. In the CGC’s monthly report those outbound shipments of canola from licensed facilities at the end of November reached 3.84 million tonnes which are up by more than 80 per cent from a year ago.
Leading that sharp increase as well as Canada’s top five buyers is China, with its canola imports exceeding 2.69 million tonnes compared to less than 1.37 million the same time last year. In November alone, China acquired 400,800 tonnes which is up 13.3 per cent from the previous November.
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Japan remains Canada’s number two canola customer in 2024/25, with exports at 536,300 tonnes for an improvement of 39.3 per cent from a year ago. During November, those exports topped 225,900 tonnes, versus the 108,000 tonnes in November 2023.
The United Arab Emirates has vastly increased its purchases of Canadian canola, with 241,400 tonnes so far into 2024/25, skyrocketing almost 343 per cent compared to a year ago. Nearly half of the UAE’s intake was in November with 119,400 tonnes.
The European Union is another customer that has bought a great deal more canola in 2024/25 than in 2023/24, with 126,700 tonnes so far versus 42,500. However, the EU didn’t import any Canadian canola in November this year or last.
At 217,400 tonnes, Mexico’s canola imports from Canada are slightly lower than those a year ago. However, Mexico took in 57,000 tonnes this November compared to 31,100 in November 2023.
