Europe Trend Week 10
After recent improvements, stability prevails on the European market.
Yet, the global offer is still on a downward trend, mainly due to some moderated volumes coming from the Dollar origins. Indeed, even if supply for Colombia continues to develop towards its seasonal peak, it remains 11% below average levels as a consequence of the drought caused by El Niño phenomenon.
Besides, Ecuador is still sending way below-average volumes (-14%) and supply from Costa Rica remain moderate. On the African side, while Ivory Coast pursues its seasonal rise and Ghana keeps widely above-average levels, the global offer remains in deficit (-7%/average).
Indeed, the cumulated offer from Ghana and Ivory Coast cannot offset the very light volumes coming from Cameroon. Finally, volumes coming from the French West Indies are globally stable. Facing this, as traditionally on this time of the year, demand is satisfying.
Nevertheless, after a noticeable improvement of prices on week 9, they remain just stable throughout the European market this week.