Europe – The banana survey – Week 42
No change on the European markets, maintaining their balance
On the one hand, the overall supply has remained high despite the big volumes shortfall from the French West Indies rapidly narrowing (73% below average). Whereas incoming African volumes have stabilised at average levels, incoming dollar banana shipments have continued to rise.
The Colombian production peak has continued at high levels (12% above average), Costa Rica has maintained an upward trend at high levels, while Ecuadorian volumes have increased slightly, maintaining above-average levels. On the other hand, in Western Europe demand has remained dynamic and sufficient to absorb incoming volumes because of the favourable context (promotions, limited presence of other fruits).
Hence the balance has held up, and prices have stabilised at levels slightly below average for the season. Furthermore, demand has remained sluggish in Eastern Europe, though the balance has held up and prices have remained low for the season.
Finally, in Spain, prices have continued to strengthen because of a dynamic sales tempo
Fruitrop week 42