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February 27, 2017
Central/West Africa: Logs & sawnwood prices hold steady as demand is slow in Europe before spring
Markets in France, Spain and Portugal are reported as very quiet with only low volumes being purchased to replenish stocks. In France, demand for even the favoured species such as moabi, douka and niangon, is said to be barely sufficient to cover replacement of stocks. Much the same is true for sapele and sipo where stocks are building up. African producers in Congo Brazzaville, Cameroon and the Central African Republic are pushing French importers to commit to new contracts but could soon be faced with the prospect of having to cut output.   ...
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