Daily News / Global Trends / Market Analysis / Lumber / Sawmilling / Wood Products / Africa / China / Global
March 13, 2018
Central/West Africa: Producers await buyers for Chinese market to see reaction to higher FOB prices
Analysts say there is little to report in terms of market reaction to the higher log FOB asking prices which were increased sharply after the Cameroon increased Customs fees for export logs. Central/West African producers say it is unlikely there will be any consideration of the proposed new FOB prices until buyers for the Chinese market begin business in March. Informal indications are that the new prices are unlikely to be accepted but, as current business activity is very slow, there are no real guidelines on how markets will respond.  ...
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