Europe Trend Week 20
European markets starting to ease.
Colombia has continued its seasonal fall, Ecuadorian shipments have registered a substantial downturn (13% below average), as a result of smaller shiploads due to poor market conditions. Furthermore, the combined Africa/French West Indies supply is back to below-average levels (-9%) because of a temporary downturn by the African supply (Ascension) and the ongoing FWI shortfall.
On the other hand, the sales tempo in Western Europe, but also Eastern Europe, has remained high because of the ongoing reticence of seasonal fruits and the still cool temperatures. Hence the intense pressure from previous weeks has subsided, and the historic fall in prices has been wiped out. However some stocks remain available, and prices are still extremely low for the season, especially in Eastern Europe.
In Russia, the situation has remained critical, with extremely low prices. Finally, in Spain, the market is maintaining a very positive trend because of the Canaries supply shortfall
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