What is the price of rapeseeds (canola) per kilogram/pound in Australia today?
The retail price range for Australia rapeseeds (canola) is between US$ 0.59 and US$ 2.93 per kilogram or between US$ 0.27 and US$ 1.33 per pound(lb). Click here to see today's exact prices of rapeseeds (canola) in Australia
The retail price range in Australian Dollar for rapeseeds (canola) is between AUD 0.88 and AUD 4.41 per kilogram or between AUD 0.40 and AUD 2.00 per pound(lb) in Canberra and Melbourne.
Wholesale prices
In 2024, the approximate wholesale price range for Australia rapeseeds (canola) is between US$ 0.41 and US$ 2.05 per kilogram or between US$ 0.19 and US$ 0.93 per pound(lb).
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Australia Rapeseeds (canola) Export Prices - Historical, Trends and Prediction
The export price per kilogram of Rapeseeds (Canola) from Australia over the last five years has seen a steady decline. In 2011, the price was 0.62 US dollars per kg, dropping to 0.59 US dollars per kg in 2012 and 2013. In 2014, the price dropped to 0.51 US dollars per kg, and then to 0.42 US dollars per kg in 2015. The price remained steady at 0.41 US dollars per kg in 2016 and 2017, before increasing to 0.44 US dollars per kg in 2018 and 0.4 US dollars per kg in 2019. In 2020, the price rose to 0.47 US dollars per kg, before increasing further to 0.63 US dollars per kg in 2021 and 0.78 US dollars per kg in 2022. Based on this data, it is predicted that the export price per kilogram of Rapeseeds (Canola) from Australia will be 0.83 US dollars per kg in 2023 and 0.98 US dollars per kg in 2024.The exports of rapeseeds (canola) from Australia are classified as:
- Rape or colza seeds, whether or not broken (HS code 120500)
- High erucic rape or colza seeds "yielding a fixed oil which has an erucic acid content of >= 2% and yielding a solid component of glucosinolates of >= 30 micromoles/g", whether or not broken (HS code 120590)
- Low erucic acid rape or colza seeds "yielding a fixed oil which has an erucic acid content of < 2% and yielding a solid component of glucosinolates of < 30 micromoles/g" (HS code 120510)
Australia Rapeseeds (canola) Import Prices - Historical, Trends and Prediction
The import price per kilogram of Rapeseeds (Canola) into Australia has seen a steady decline over the last five years. In 2012, the price was 0.59 US dollars per kg, and this decreased to 0.41 US dollars per kg in 2016. In 2017, the price increased slightly to 0.44 US dollars per kg, before dropping again to 0.4 US dollars per kg in 2019. The most recent data shows that the price has increased to 0.47 US dollars per kg in 2020, and further to 0.63 US dollars per kg in 2021. Based on this trend, it is predicted that the import price per kilogram of Rapeseeds (Canola) into Australia will be 0.78 US dollars per kg in 2022, and 0.93 US dollars per kg in 2023. It is expected that the price will continue to increase in 2024, reaching 1.08 US dollars per kg.Export values for Australia rapeseeds (canola)
The total values in export for rapeseeds (canola) in Australia were US$ 893,704, US$ 1,283,623, US$ 937,684 and US$ 675,344 in US dollar thousand for the years 2016, 2017, 2018 and 2019 in that order.
Prices of other produce in the Oil Seeds category in Australia: Linseed (Flax), Sunflower Seeds, Cotton Seeds, Castor (Ricinus) Seeds, Sesame Seeds, Mustard Seeds, Safflower, Melon Seeds, Poppy Seeds & Shea Nuts.
See prices of rapeseeds (canola) in other countries across Oceania: Fiji rapeseeds (canola), French Polynesia rapeseeds (canola), Guam rapeseeds (canola), Micronesia rapeseeds (canola), New Caledonia rapeseeds (canola), Papua New Guinea rapeseeds (canola), Samoa rapeseeds (canola), Solomon Islands rapeseeds (canola), Tonga rapeseeds (canola) & Vanuatu rapeseeds (canola).
Australia rapeseeds (canola) - Production, Exports, Imports, Seasons and HS Codes
The amount of rapeseeds (canola) shipped by Australia in 2020 was 1,695,531 tonnes. In 2019 Australia shipped 1,667,742 tonnes of rapeseeds (canola). Through 2019 alone, the demand for Australia rapeseeds (canola) (oil seeds category) has shrunk, changing by -26.276 per cent compared to the year 2018. Between 2017 and 2019, rapeseeds (canola)'s exports went down by -43.16% earning the country US$675.34m for the year 2019. Australia's rapeseeds (canola) exports are categorised as:
- High erucic rape or colza seeds "yielding a fixed oil which has an erucic acid content of >= 2% and yielding a solid component of glucosinolates of >= 30 micromoles/g", whether or not broken (HS code 120590)
- Rape or colza seeds, whether or not broken (HS code 120500)
- Low erucic acid rape or colza seeds "yielding a fixed oil which has an erucic acid content of < 2% and yielding a solid component of glucosinolates of < 30 micromoles/g" (HS code 120510)
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Australia rapeseeds (canola) export values
In 2019, Australia exported rapeseeds (canola) costing 675.34m USD, a contraction of -27.98% from 2018's total rapeseeds (canola) export of 937.684m USD. The yearly reduction in value of Australia rapeseeds (canola) between 2017 to 2018 was -26.95%.
The per year variation in the volume of Australia's rapeseeds (canola) exports between 2017 and 2019 was -43.16 pc compared to a variation of -26.276% in the period between 2018 and 2019.
Export markets for Australia rapeseeds (canola) ( in '000$ )
Australia's best performing export markets for rapeseeds (canola) are Germany, Belgium, France, Japan and Denmark.
Australia bought 1,347 tonnes of rapeseeds (canola) in 2019.
Production
The production of rapeseeds (canola) in Australia was 7,097,517 tonnes in 2019 and is forecast to change by an average of -39.23%. The country had approximately 6,359,508.00 hectares under rapeseeds (canola) cultivation.