Against the backdrop of very quiet demand in China producers report no price movements other than the recent decline in okan prices, a favourite in the Chinese market.
The future of okoume log exports is now in doubt with countries scaling back exports or, as reported, because of the rumoured total log export ban in the Republic of Congo. This may be an early indication of the policy approach taken in the new forest code. While the code has not been made public producers say some new regulations are already being implemented.