Ecuador began its new harvest of June this past weekend.
Raw material prices are holding steady and are beginning to rise slowly.
In terms of the final product offer to Europe, no major changes have been made, and some even raised prices.
The finished product offer to China is still higher than to other countries but it is starting to decline. However, there is still a large gap between the offer to China and Europe due to the risk of clearance in China.
There is a general belief in the Ecuadorian industry that prices cannot go down because we have hit bottom.
Although raw material prices have declined recently, India continues to have high prices for raw materials and finished products.
In the next two weeks, raw material and finished product prices are expected to decrease in India.
If you need to purchase a product within the next month, now is the time to do so.