The Canadian canola crush in August was down from the previous month, but still above the last year and the five-year average.
A Statistics Canada crush report on Thursday pegged the canola crush for August – the first month of the new marketing year - at 867,944 tonnes. That is down 10.3% from the July crush of 968,515, but 2% higher than the same month last year (850,529 tonnes) and 14% above the August average for the previous five years.
The 2024-25 canola crush totaled 11.412 million tonnes, up 3.4% from 11.033 million in 2023-24. Ag Canada is forecasting the crush to rise further in the 2025-25 crop year, up to 11.8 million tonnes, based on expanding domestic crush capacity and rising demand, especially from the biofuel sector.
Canola oil production in August reached 367,299 tonnes, compared to 408,898 in July and 363,165 in August 2024.
