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August 5, 2020
African tropical timber: Asian buyers slowly returning; prices for EU market up
It has been reported that buyers for the Chinese and other Asian markets are slowly returning. The current emphasis is on a few species such as ovangkol, okan and belli. There is a steady but low demand for okoume, iroko, sapelli movingui, dabeme and padauk. Buyers for the Chinese market are looking for okoume, ovangkol, belli and sapelli, reportedly for the furniture sector. Producers say, despite the buyer interest, prices are stable which is seen as a good sign in these tough trading conditions. Buyers in the Philippines concentrate on okoume and ...
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