Throughout the month, the overall pineapple supply was well below demand. The leanness of Latin American production enabled rates to gradually strengthen, while demand remained fairly quiet at the beginning of the month. Speculative sales very quickly became apparent, with volumes and prices constantly increasing from week to week. Over the first half-month, the price increase seemed rather controlled, but from the beginning of the second half-month, shipping delays accentuated the feeling of a shortage. So we saw a genuine surge in prices charged for speculative sales, which were higher than those set out below throughout the month, with peak of up to 18.50 euros per box!
The air-freight pineapple market maintained a positive trend. In the absence of Beninese fruits, the Cameroonian and Ivorian supplies occupied the bulk of the Cayenne niche, topped up by some batches from Ghana. The better quality Ivorian supply sold in greater quantity than its competitors. Cameroonian fruits were hit by several quality concerns, though they still sold well in view of the paucity of the overall supply. The Sugarloaf market continued to fluctuate between fluid sales and high rates for coloured batches from Ghana and Togo, and limited sales from green fruits from Benin and Cameroon. The air-freight supply was topped up in the second half-month by some boxes of Sweet from Cuba and the Dominican Republic, which sold on a footing of 2.5 euros/kg.
The overall Victoria supply remained limited throughout the month, which helped operators continue to charge high rates. Despite some quality concerns in the middle of the month, fruits from Reunion sold well.
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