Australian canola shipments remain unprocessed in China as crushing industry faces unprecedented standstill

Two bulk carriers carrying 120,000 metric tons of Australian canola are sitting idle in China. This delay marks the first total crushing halt since 2015.

Insights:
Two bulk carriers carrying a total of 120,000 metric tons of canola from Australia AUAUhave arrived at ports in China CNCNbut remain unprocessed by domestic crushers. This delay has triggered an unprecedented standstill in the canola crushing industry of Chinafor the first time since at least 2015. While the shipments were expected to move through the supply chain after clearing customs, the lack of activity has raised concerns among market participants.
A paddock containing a crop of canola is seen near a dirt road on the outskirts of the town of Mallala, north of Adelaide, South Australia, August 22, 2018. REUTERS/David Gray
A paddock containing a crop of canola is seen near a dirt road on the outskirts of the town of Mallala, north of Adelaide, South Australia, August 22, 2018. REUTERS/David Gray
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