Europe Trend Week 45
European market balance holding up for another week.
The overall supply to the European market remains stable, thanks to incoming dollar banana shipments maintaining similar levels to last week.Ecuador is maintaining moderate levels, while incoming Costa Rican shipments are starting to wane. Only Colombia is seeing one final week of peak shipments, at high levels (18% above average). As regards Africa, the overall supply is still above average (+5%). The Ivorian peak is ongoing, and its incoming volumes combined with Ghana’s are continuing to offset the Cameroonian shortfall. In the face of this, demand remains satisfactory and high, thanks to promotions. Hence the European market is managing to maintain its balance, and stocks are restricted. Prices are holding up. On the Spanish market, in the face of the small platano supply, prices are continuing to climb. Conversely, increasing shipments entering the Russian market are bringing prices back down.