Tension ongoing and prices strengthening further on the European markets.
The sales tempo in both Western and Eastern Europe has remained high because of the context remaining favourable for consumption (cool temperatures, few competing fruits, some banana promotions).
In addition, the overall supply has remained moderate. On the one hand, the combined Africa/French West Indies supply has maintained below-average levels (-7%) because of the FWI shortfall and the temporary hiatus in Africa’s seasonal increase (strong winds in Cameroon). On the other hand, while Ecuadorian and Costa Rican volumes have remained smaller than in 2016, Colombia on its own has continued to register record levels (+33% on 2016).
Hence availability has remained slightly less than demand, helping prices continue to rise. The pressure is continuing to rise only on the Spanish market, in the run-up to Easter Week. In Russia, prices have held up with difficulty because of large volumes.