The market collapsed, with the incoming volumes outweighing demand. Despite the launch of large-scale promotions, the summer fruit campaigns ending on-time and the new school year, overall European demand remained idling. In addition, the ongoing summery temperatures did nothing to help revitalise consumption. Overall dollar banana imports continued their seasonal increase. In spite of more moderate Ecuadorian volumes (2015 level) than in August, the overall supply peaked, reaching levels 22 % above the three-year average, especially because of the rise from Colombia (peak expected in October) and the Costa Rican production peak. In addition, imports from Africa and the French West Indies continued to increase, reaching record levels at the end of the month (+ 32 % on the three-year average). Hence given this distinct swelling of the market, re-exports to Eastern Europe helped more or less restrict stocks in Western Europe, though to the detriment of prices, on the slide since August. Rates came undone, to reach much lower levels than in 2015, and 12 % below the three-year average. In Spain, Canaries volumes increased due to the seasonal increase in supply and the end of the quota. Green banana prices stagnated at low levels. In Russia, the market started to deteriorate under the effect of a newly rising supply, at a higher level than last year.
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