Balance holding up in Western Europe; though some East European markets still unbalanced because of ongoing high supply levels.

The overall supply tempo has remained high. The combined Africa/French West Indies supply has maintained slightly below-average levels because of the FWI shortfall. However, although incoming Ecuadorian shipments have remained smaller than in 2016 (lower yields), Costa Rican and Colombian volumes have been large and above-average. Hence in Western Europe demand has remained fairly lively, maintaining the balance, while in Eastern Europe the situation has become more complicated on certain still swollen markets.

Hence price increases have come to a halt, with levels remaining disappointing for the season. Finally, in Russia, the situation has continued to improve, and prices have continued to increase.