Audio Script:

Hi, I am Jess Kirkpatrick from CHS Broadbent and today I am going to give you some information on ISCC and canola. You may be aware Europe is a major importer of Aussie canola, in recent years they have imported up to 80% of Australia’s canola exports. They like to use our canola seed as part of their biodiesel program and because of this, they have strong requirements around sustainability. For us to be able to continue to access this market, we need to be ISCC accredited.

So what does that mean for the Aussie farmer? Well in recent years, being able to access this market has given a $10/MT premium over non- ISCC accredited canola. 

To give you some facts around how much they imported, last year in the first nine months of the export marketing year, we saw Europe import 3.6 million tonnes of Aussie canola going to countries such as Belgium and Germany. 

So as we head into Spring and crops start flowering it is a really great time to get on top of admin required for the ISCC program. You have to jump onto the myNGR website and complete your declaration there. By having this declaration completed before harvest, it means you are going to be able to easily transact with contract and cash prices for ISCC canola. 

If you have any questions regarding ISCC canola and how it works, or how to complete your declaration please give myself or the other team members at CHS Broadbent a call. 

It’s also a really great time as we head into Spring to touch base to see how the canola market has be tracking throughout the year and how you can interact with forward pricing. 

Today’s prices are listed here. 

AS the district starts to turn yellow, we are looking forward to seeing you at your place and talking to you as we head into harvest.