We need to go back to 2015 to see such a low supply level to the EU in June: barely 480 000 tonnes (- 8 %). We should note that this follows two record months (April and May) of more than 600 000 t each. Over twelve months (July 2018-June 2019), the market tallied up 6 452 000 t, very slightly down on the previous period. For the 1st half of 2019, the supply (across all origins) dropped back slightly below 3.4 million tonnes (3 374 000 t exactly). The dollar group registered a poor performance, with a fall of 3.3 % from the 1st half of 2018, though it remained 3 % above the three-year average. Among the major origins, Ecuador, Costa Rica, Peru and to a lesser degree Colombia scaled back their shipments. Conversely, Panama and above all Guatemala set new records month after month (+ 97 % for Guatemala). For the ACP origins, the results from Africa (- 4 %) were still very much defined by the Cameroonian shortfall. Surinam continued to fall, as did Saint Lucia. Belize confirmed a fine recovery. Côte d’Ivoire achieved a moderate rise. It was the Dominican Republic which saw the biggest increase (+ 29 %), thereby returning to similar levels to 2016 (pre-floods). European production was back on an upturn, especially thanks to French production. The situation was very mixed for the Canaries, with a production shortfall at the beginning of the year, and a surge in the supply in Q2.
banana - EU - supply january-june 2019
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