Balance consolidating on the European markets.
Despite smaller volumes from certain production regions, the overall supply has remained large. The combined Africa/French West Indies supply has remained below average (-10%) because of the FWI shortfall.
Furthermore, the Ecuadorian supply has registered a fall, maintaining lower levels than in 2016. However, despite some shipping delays which have disrupted arrivals, Costa Rican volumes have registered an increase and the Colombian supply has remained higher than in 2016 (+17%).
Furthermore, sales have remained fluid in both Western and Eastern Europe, helping maintain the balance on all the European markets. Hence although price levels have remained disappointing overall (except in Spain), prices in Eastern Europe have continued to rise, and some strengthening has been observed in Western Europe. Finally, the Russian market has continued to improve.