Banana - January/February 2016

Published on 8/04/2016 - Published by Market News Service / FruiTrop
FruiTrop n°239 , Page From 2 to 4
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Product(s) : Banana
Rubrique / Thématique : Review and Forecasts
Country : Europe
Keywords : Consumption , Price , Sales

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FruitTrop Magazine n°239

March 2016 edition: mango close-up, apples and pears, Tunisian dates, Israeli dates.

Publication date : 5/04/2016
Price : Free
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After a tight January, the European markets gradually recovered a better balance in February. Demand registered a good recovery at the beginning of the year, with sales climbing thanks to very weak competition from other fruits, to temperatures favourable for consumption and to some promotions. In addition, this recovery was aided by a limited supply, due to the smaller shiploads from the end of the year and moderate overall supply levels. The combined volumes from Africa and the French West Indies rose on average in February, after being affected in January by delayed shipping and a violent Harmattan (Côte d’Ivoire). On the dollar banana side, the impacts of the much-anticipated El Niño remained invisible in January: the rains in Ecuador had little consequence on production levels, and Costa Rica retained favourable conditions. Only Colombian volumes started to subside in February, because of a severe drought. However, from mid-February, the market tension eased. Demand slowed down slightly in Western Europe (school holidays in certain countries), and a temporary wave of incoming shipments onto the East European markets curbed sales. Hence there was a pause in the rapid price increase ongoing since January, with rates stabilising at high levels.