Europe Trend Week 51

The overall supply has maintained its downward trend this week. The incoming dollar banana shipments, more particularly from Costa Rica and Colombia, have continued their seasonal fall, while Ecuador is maintaining above-average levels (+11%). In addition, despite the Ghanaian production peak being remarkably above-average (+32%!), the African supply remains in shortfall, 7% below average.
The Ivorian production peak is now over, and the fall in these volumes is widening the ongoing Cameroonian shortfall (24% below average). As for the French West Indies, supply stability is prevailing, at much higher levels than in the preceding cyclone years: hence the combined Africa/FWI supply is managing to maintain stable, above-average levels (+7%).
Meanwhile demand has remained quiet overall, though sufficient to maintain prices. Hence there are few stocks to report at the end of this year.
In Russia, demand is flagging, and prices are dropping slightly.