What is the price of rapeseeds (canola) per kilogram/pound in New Zealand today?
The retail price range for New Zealand rapeseeds (canola) is between US$ 6.73 and US$ 17.03 per kilogram or between US$ 3.05 and US$ 7.72 per pound(lb). Click here to see today's exact prices of rapeseeds (canola) in New Zealand
The retail price range in New Zealand Dollar for rapeseeds (canola) is between NZD 10.71 and NZD 27.09 per kilogram or between NZD 4.86 and NZD 12.29 per pound(lb) in Wellington and Auckland.
Wholesale prices
In 2024, the approximate wholesale price range for New Zealand rapeseeds (canola) is between US$ 4.71 and US$ 11.92 per kilogram or between US$ 2.14 and US$ 5.41 per pound(lb).
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New Zealand Rapeseeds (canola) Export Prices - Historical, Trends and Prediction
The export price per kilogram of Rapeseeds (Canola) from New Zealand over the last five years has seen a steady decline. In 2011, the export price was 4.21 US dollars per kilogram, dropping to 2.98 US dollars per kilogram in 2012. This trend continued until 2015, when the price reached its lowest point of 2.78 US dollars per kilogram. Since then, the price has seen a slight increase, reaching 2.96 US dollars per kilogram in 2022. Based on this trend, it is predicted that the export price of Rapeseeds (Canola) from New Zealand will be 3.02 US dollars per kilogram in 2023 and 3.08 US dollars per kilogram in 2024.The exports of rapeseeds (canola) from New Zealand are classified 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)
New Zealand Rapeseeds (canola) Import Prices - Historical, Trends and Prediction
The import price per kilogram of Rapeseeds (Canola) into New Zealand over the last five years has been quite volatile. In 2017, the price was 2.87 US dollars per kg, which was the highest in the five year period. This was followed by a decrease in 2018 to 2.82 US dollars per kg. In 2019, the price dropped further to 2.69 US dollars per kg, the lowest in the five year period. However, the price has been on the rise since then, reaching 3.06 US dollars per kg in 2020 and 3.05 US dollars per kg in 2021. The latest data shows that the import price per kilogram of Rapeseeds (Canola) into New Zealand is 2.96 US dollars per kg. Based on the trend, it is expected that the import price per kilogram of Rapeseeds (Canola) into New Zealand will be around 3.00 US dollars per kg in 2023 and 3.05 US dollars per kg in 2024.Export values for New Zealand rapeseeds (canola)
The total values in export for rapeseeds (canola) in New Zealand were US$ 3,048, US$ 4,880, US$ 3,971 and US$ 5,266 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 New Zealand: 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).
New Zealand rapeseeds (canola) - Production, Exports, Imports, Seasons and HS Codes
The amount of rapeseeds (canola) shipped by New Zealand in 2020 was 3,011 tons. In 2019 New Zealand shipped 1,955 tonnes of rapeseeds (canola). In 2019 alone, the demand for New Zealand rapeseeds (canola) (oil seeds category) has surged, flactuating by 38.652 % compared to the year 2018. Between 2017 and 2019, rapeseeds (canola)'s exports grew by 15.14 percent bringing the nation US$5.27m for the year 2019. New Zealand's rapeseeds (canola) exports are categorised as:
- Rape or colza seeds, whether or not broken (HS code 120500)
- High erucic rape or colza seeds "yielding a fixed oil which has an erucic acid content of >= 2% and yielding a solid component of glucosinolates of >= 30 micromoles/g", whether or not broken (HS code 120590)
- Low erucic acid rape or colza seeds "yielding a fixed oil which has an erucic acid content of < 2% and yielding a solid component of glucosinolates of < 30 micromoles/g" (HS code 120510)
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New Zealand rapeseeds (canola) export values
In 2019, New Zealand supplied rapeseeds (canola) valued at 5.27m USD, a surge of 32.71% from 2018's total rapeseeds (canola) export of 3.971m USD. The yearly growth in value of New Zealand rapeseeds (canola) between 2017 to 2018 was -18.627 per cent.
The per year change in the amount of New Zealand's rapeseeds (canola) exports between 2017 and 2019 was 15.14 percent in comparison to a variation of 38.652% in the period between 2018 and 2019.
Export markets for New Zealand rapeseeds (canola) ( in '000$ )
New Zealand's leading destinations for rapeseeds (canola) are Germany, US, United Kingdom (UK), the Netherlands and South Africa.
New Zealand bought 9,822 tonnes of rapeseeds (canola) in 2019.
Production
The production of rapeseeds (canola) in New Zealand was 2,664 tonnes in 2019 and is forecast to change by an average of -1.99%. The country had an estimated 1,314.00 hectares under rapeseeds (canola) cultivation.