Europe Trend Week 16

Calamity on the European markets, still under pressure.

Despite spring temperatures, sales have maintained a decent seasonal tempo, still enjoying the ongoing moderate competition from seasonal fruits. However, demand has remained insufficient to absorb the volumes available. Despite an ongoing combined Africa / French West Indies supply shortfall (20% below average) because of the FWI and Cameroonian deficits, the dollar supply has readily offset this shortage. Incoming Ecuadorian shipments have attained above-average levels because of the production peak. Similarly, incoming Colombian shipments, at their peak, have maintained stable and average levels. Finally, Costa Rica has continued its seasonal rise, reaching good levels. Furthermore, shipping overlaps have led to deferrals of large volumes. Hence in both Western and Eastern Europe, the markets are saturated, spot supplies are available at competitive prices and price falls have continued, reaching below-average levels right across Europe. Finally, the Russian market has not escaped the rout: the pressure is intensifying and prices falling.

 

Europe Trend Week 16

Fuente: FRUITROP