The European Commission adopted on Monday 29 August a report on the situation of the EU banana market, which shows that during the period of application of the ‘banana stabilisation mechanism’, EU banana producers “have been able to maintain a relatively stable market share in terms of value despite a loss of market share in terms of volume”.
The stabilisation mechanism for bananas expired on 31 December 2019.
The report also includes a preliminary assessment of the functioning of the Programme of Options Specific to Remoteness and Insularity (POSEI) for the preservation of banana production in the Union.
It shows that during the period of application of the stabilisation mechanism for bananas, thanks to positive price developments, “EU banana producers have been able to maintain a relatively stable market share in terms of value despite a loss of market share in terms of volume”.
While Portuguese and Spanish producers have managed to maintain high prices and have slightly increased their supply, French producers have suffered production losses, increased production costs and lower prices, the Commission report says. Link to the report: https://aeur.eu/f/2v3 (Original version in French by Lionel Changeur)