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July 18, 2018

Higher foreign demand to push Africa logs & sawnwood prices

Producers in West and Central Africa report that demand is very firm and while prices are stable, sentiment is for prices to trend higher. As soon as demand improves for a particular species producers are ready to take advantage of this through a price increase.  During June log prices remained unchanged except for the sudden rise for bibolo/dibetou which is up by euro 30 per cubic metre and for ovangkol for which prices have jumped euro 35 per cubic metre and are still rising.  Sawnwood prices are unchanged from a month ago but expected to ...

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