Europe – The banana survey – Week 48

European markets staying on course, and strengthening.

On the one hand, the overall supply has maintained a downward trend. Firstly, combined Africa/French West Indies imports have continued to subside, maintaining lower levels than in previous years (-12%). The falling African volumes (10% above average) have been unable to offset the FWI shortfall (76% below average). On the other hand, incoming dollar banana volumes have decreased: the seasonal fall in incoming Colombian shipments has continued, with moderate levels maintained (6% below average); Ecuador has continued its fall, and the Costa Rican production peak has come to an end.
In addition, in terms of demand, despite slightly disappointing yellow banana consumption on certain markets (Italy, France), green banana sales have remained fluid. In particular, demand has continued to pick up in Eastern Europe, in the run-up to the St. Nicholas public holiday. Hence prices in both Western and Eastern Europe have strengthened, regaining above-average levels.
Only the Spanish market has remained under high pressure, with prices falling.