Banana monthly review: November 2019

Demand remained quiet overall across the European markets, in both the East and West. The reduction in the overall supply (8 % below average) helped maintain a good balance. The dollar supply shrank because of the end of the Costa Rican and Colombian shipment peaks. Ecuador was again on the ebb, with levels below average. The African supply too waned, reaching below-average levels. After the colossal Ivorian peak in October, export volumes were barely average. The Ghanaian supply also decreased, to a level just 12 % above average. Finally, the Cameroonian shortfall remained vast (39 % below average), dragging down the overall African supply to 10 % below average. Finally, the French West Indies supply was also moderate, and still less than in 2015 (the last non-cyclone year). Prices strengthened slightly over the month, because of the decrease in the supply, and were 6 % above average.

In Spain, the platano shortfall (20 % below average) led to a price increase, up to historic levels (+ 47 %).

On the Russian market, although cumulative volumes in November were near-average, the abundance of fruit led to a drastic fall in prices, though they maintained near-average levels (+ 5 %).

banana - EU28 - average green price