Kevazingo
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Investigation of padauk shipment from Congo to EU impacts prices
In early July Belgian Customs blocked the release of a shipment of padouk sawnwood dispatched from Gabon. The Belgian authorities were warned that there was a risk that the importer of this shipment could not satisfy the EUTR and are currently assessing whether the Belgian importer satisfied the due diligence requirements of the EUTR. This investigation and the fact that over the past months there have been large shipments of padauk to the EU, has had an impact on padauk sawnwood prices which fell to around euro 700-750 per cu.m from recent highs of over euro 1,100 per cu.m. ''Kevazingogate'' Back in February, the authorities seized 353 container-loads of kevazingo at two Chinese-owned depots at the Owendo port in the capital Libreville. Some of the containers bore the stamp of the forestry ministry to give authenticity to their export. The ensuing scandal, dubbed... Continue reading
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August 21, 2019
Investigation of padauk shipment from Congo to EU impacts prices
In early July Belgian Customs blocked the release of a shipment of padouk sawnwood dispatched from Gabon. The Belgian authorities were warned that there was a risk that the importer of this shipment could not satisfy the EUTR and are currently assessing whether the Belgian importer satisfied the due diligence requirements of the EUTR. This investigation and the fact that over the past months there have been large shipments of padauk to the EU, has had an impact on padauk sawnwood prices which fell to around euro 700-750 per cu.m from recent highs of over euro 1,100 per cu.m. ''Kevazingogate'' Back in February, the authorities seized 353 container-loads of kevazingo at two Chinese-owned depots at the Owendo port in the capital Libreville. Some of the containers bore the stamp of the forestry ministry to give authenticity to their export. The ensuing scandal, dubbed... Continue reading
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Investigation of padauk shipment from Congo to EU impacts prices
In early July Belgian Customs blocked the release of a shipment of padouk sawnwood dispatched from Gabon. The Belgian authorities were warned that there was a risk that the importer of this shipment could not satisfy the EUTR and are currently assessing whether the Belgian importer satisfied the due diligence requirements of the EUTR. This investigation and the fact that over the past months there have been large shipments of padauk to the EU, has had an impact on padauk sawnwood prices which fell to around euro 700-750 per cu.m from recent highs of over euro 1,100 per cu.m. ''Kevazingogate'' Back in February, the authorities seized 353 container-loads of kevazingo at two Chinese-owned depots at the Owendo port in the capital Libreville. Some of the containers bore the stamp of the forestry ministry to give authenticity to their export. The ensuing scandal, dubbed... Continue reading