European markets stabilising, in both the West and East.
The overall supply has remained stable and in line with demand, which has meant a sufficient market supply level. The combined Africa / French West Indies supply has remained slightly below average (-5%) because of the FWI shortfall.
In addition, Colombia has maintained a high supply tempo, offsetting the Ecuadorian and Costa Rican supplies which are slightly down on their 2016 levels. Meanwhile, demand has remained lively in both Western and Eastern Europe, especially because of the weak competition from other fruits.
Hence the balance has prevailed on the European markets, though more solid on certain markets (Germany, Spain, France) than on others where small stocks were available (Italy).
Hence prices have stabilised at lower levels than in previous years, except in Spain where they remain high.