Europe – The banana survey – Week 36

Pressure starting to subside in Europe, though price improvements still taking their time to arrive.

The combined Africa/French West Indies supply has remained on the wane (8% below average): FWI volumes have remained below average (-11%), and the cold temperatures in the production zones are continuing to delay Africa’s seasonal increase.
Furthermore, on the dollar side, whereas Ecuador and Costa Rica have stabilised at average levels, Colombia has continued to rise steeply, with high levels (31% above average), though some operators have continued to limit shiploads. In addition, the end of the holidays, the fall in pressure from competing fruits, and above all the large-scale promotions at competitive prices, have helped revitalise demand throughout Western Europe. Hence the stocks accumulated in recent weeks have started to subside, and some balance has been restored between supply and demand in Western Europe.
Consequently, despite a lack of vitality, the East European markets have started to ease, especially because of smaller clearances from Western Europe. However, prices have still not managed to climb in Europe, with levels still very low for the season, especially in the East.
Finally in Russia, the supply pressure has caused a slight dip in prices, which have continued to register low levels.

Europe – The banana survey – Week 36

Fuente: FRUITROP