Europe Trend Week 50

The dollar supply is maintaining moderate levels. On the one hand, shipments from Costa Rica and Colombia are continuing to subside gradually.

On the other hand, Ecuador is embarking on its seasonal increase (with near-average levels), and offsetting the fall from other origins. Furthermore, volumes from the African origins are also falling. Ivorian volumes are continuing to subside (1% below average), while Cameroonian exports remain deep in shortfall (28% below average).

Hence the overall African supply is in shortfall (6% below average). Finally, shipments from the French West Indies are also following a downward trend, with levels 27% lower than in 2015 (the last non-cyclone year). Demand has proven somewhat dynamic for this time of year, with the latest promotions here and there.

Hence stocks are limited on all the markets, and green banana prices have continued to strengthen slightly, maintaining above-average levels (+4%).

The platano situation is continuing to deteriorate on the Spanish market.”