Some tension still remaining across the European markets.

On the one hand, the Africa/French West Indies supply has registered a drop, maintaining its below-average level (-12%) because of the FWO shortfall, which is narrowing but still marked, and above all the seasonal fall from the African origins. Indeed smaller shiploads in w.18 (public holiday on 1st May), a strike on certain plantations in Côte d’Ivoire in w.18-19 and strong winds in Cameroon (no damage observed but production delayed) have also reduced incoming African shipments, which have registered below-average levels (-9%). On the other hand, the Ecuadorian and Costa Rican origins have continued to register average levels, lower than in 2016. Only the Colombian volumes, albeit with a slight fall, have registered levels still above average (+21%). While the overall supply has remained moderate, the sales tempo has remained fluid in both Eastern and Western Europe. The ideal context for banana consumption has held up because of temperatures remaining cool, and limited competition from seasonal fruits. Hence the supply has remained slightly less than demand, while prices have remained firm and satisfactory. Finally, the Spanish market has recovered its balance to some extent.