week 37

Europe – The banana survey – Week 37

While balance seemingly restored across all European markets, price rise still difficult.

In Western Europe, demand has continued to pick up, especially in the supermarket sector, enjoying a favourable context (cooler temperatures, limited competition from other fruits, end of holidays, large-scale promotions).
Despite demand remaining moderate in the East, clearances from Western Europe have ceased, and the East European markets have been able to recover. Furthermore, the overall supply has stabilised at a high level.
While volumes from Africa/French West Indies have remained below average (-13%), the dollar banana supply has maintained high levels because of Colombian volumes remaining high (9% above average).
Hence although some balance has been established across Europe, no real price improvement has been observed. They have continued to be strengthened here and there, especially in Southern and Northern Europe, but levels are still very low, especially in the East.