Europe Trend Week 25

The summer slowdown in demand is continuing throughout Europe, though sales are still maintaining a decent tempo for the season. Temperatures have risen and seasonal fruits, although still exhibiting moderate availability and often expensive, have started to lose space on the shelves. However, the overall supply has continued to decrease.
While the combined Africa/French West Indies supply has fallen only slightly, maintaining average levels because of the FWI production peak, incoming dollar banana shipments have continued to shrink. While Colombia and Costa Rica, still on a seasonal fall, are maintaining above-average levels, incoming Ecuadorian shipments have been smaller and below average. Hence clearances are still being made from Western Europe to certain East European countries, though the stocks available remain limited.
Green banana prices have stabilised across the European markets, though they are maintaining low levels for the season. In Russia, prices are decreasing because of the fall in demand.
Finally, in Spain, despite the summer slowdown, platano prices remain very high due to the production shortfall.