As expected from a moderate crop, prices during the ongoing campaign are moving within ranges significantly above the average price. During recent weeks, EU demand has been at good levels and the average prices for April 2020 are 33% above the average for the last five years (they were 23% above average in March 2020).
Prices have greatly recovered from the challenging 2019 season, when there was an excess of supply in some Member States, especially in Poland. According to Wapa/Prognosfruit, the new crop is relatively small (-20% from 2019 and -11% compared with 5-year average). This is pushing price levels up.
Overall, EU prices are significantly above average. At Member State level, however, the situations diverge to some extent: Prices in Poland have recovered from very low levels; prices in France are above average but lower than in the preceding campaign (as France increased production during this period); German prices are above average; Italian prices recovered gradually from a difficult end to the previous marketing year and stabilised slightly above reference levels.