Europe Trend Week 34

In spite of a mixed recovery, the European places start to tighten due to a limited global offer.

Indeed, due to the end of the summer break, the approach of the school reopening, and the setting up of promotions in September, green sales have started to gain momentum, especially in Southern Europe. However, the recovery was still shy in Northern and Eastern Europe, where sales remained slow. Besides and especially, the global supply keeps low levels.
On one hand, Ecuadorian and Costa Rican volumes remain in their usual quiet moment, close to average levels, while the seasonal Columbian rise remains in deficit (-4%/average) due to its 2 weeks delay. The French West Indies carry on with their seasonal downwards trend but at levels still largely below average. Lastly, African supply has stabilised at levels that are as well below average, as Ivory Coast has picked up close to average levels but cannot offset the lack of volumes from Cameroon (socio-political tensions).
Consequently, green prices have started to firm up globally in Europe, picking up with seasonal trends. In Spain, the balance holds between a slowed demand and below-average Platano volumes. In Russia, prices remain firm thanks to a dynamic demand.