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February 28, 2018

Central/West Africa: Buyers reject the higher asking prices for logs

Central/West Africa: Buyers reject the higher asking prices for logs
Reports from Cameroon say that buyers for the Chinese market are not accepting the new and higher asking prices for logs.    Analysts say, taking into account that the Chinese New Year celebrations and vacations are now in full swing and the undermining of business confidence by volatility in stock markets, it is scarcely surprising that log importers are not in any mood to buy and certainly not at the new asking prices. In retrospect, the timing of the decision to raise export duties on logs was very unfortunate.    There has been little ...

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