Banana monthly review: April 2020

The dollar supply subsided mainly because of the decreasing incoming Ecuadorian shipments. Volumes from this origin fell due to the scaled-back European orders, as a consequence of the health crisis. Colombia maintained its seasonal fall, with levels just 5 % above average. Incoming Costa Rican shipments were moderate and slightly bigger than in 2019. Regarding Africa, the supply progressed to average levels (+ 2 %). With volumes 11 % above average, Côte d’Ivoire was able to offset the chronic shortfall from Cameroon, and the shortage of fruit from Ghana (cool temperatures in production zone). Shipments from the French West Indies, although slightly on the increase, remained 25 % smaller than in 2016 (no cyclone impact). Furthermore, demand regained a decent tempo, helping to keep sales fluid. In Eastern Europe, the pressure was a bit higher at the beginning of the month, though the promotions implemented helped clear up the market. However, according to the European barometer, prices dropped slightly, and remained 5 % below average.

In Russia, the significant fall in incoming shipments enabled the market to rally, though prices remained 15 % below average.

banana - EU - average green price

banana - EU - average green price