Europe Trend Week 05

The overall supply is maintaining some stability. On the one hand, Costa Rica is still at lower levels than in previous years, while Colombia is temporarily 8% below average. In addition, the African supply is still in shortfall (8% below average), although Cameroon has taken a hesitant upturn. However, the stability of the supply is largely being maintained thanks to the Ecuadorian supply being 17% above average! On the other hand, demand remains satisfactory, though still disappointing for the time of year. Some logistical disruptions (Italy, France and Russia) have contributed to a temporary slowdown in activity this week. Hence although a slowdown is predicted on certain European markets, prices overall remain unchanged and still below average (-13%).
Regarding the Platano, the Spanish supply is still well in shortfall, with prices maintaining exceptionally high levels.
Finally, in Russia, the improvement is ongoing, despite logistical disruptions.