Okoume logs
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Central/West Africa: Firmer demand lifts okoume prices
Markets are a little firmer and China in particular is actively buying selected species such as belli, okan and okoume. The firmer demand has lifted prices of okoume as stocks, built up as previous orders were cancelled, are now moving. While Middle East markets are steady producers report weakness in the South African market due to uncertainty and delays over government infrastructure projects and the ongoing strong price competition between African and Asian species. There has been a slowdown in the Indian purchases but the government continues to insist that housing for the people is a key policy and timber exporters are confident that this market will revive demand. Second quarter holds promise of firmer demand Producers in Central and West Africa are satisfied that, at present, signals from the markets suggest better times ahead. The improved sentiment has worked to steady... Continue reading
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April 10, 2017
Central/West Africa: Firmer demand lifts okoume prices
Markets are a little firmer and China in particular is actively buying selected species such as belli, okan and okoume. The firmer demand has lifted prices of okoume as stocks, built up as previous orders were cancelled, are now moving. While Middle East markets are steady producers report weakness in the South African market due to uncertainty and delays over government infrastructure projects and the ongoing strong price competition between African and Asian species. There has been a slowdown in the Indian purchases but the government continues to insist that housing for the people is a key policy and timber exporters are confident that this market will revive demand. Second quarter holds promise of firmer demand Producers in Central and West Africa are satisfied that, at present, signals from the markets suggest better times ahead. The improved sentiment has worked to steady... Continue reading
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Central/West Africa: Firmer demand lifts okoume prices
Markets are a little firmer and China in particular is actively buying selected species such as belli, okan and okoume. The firmer demand has lifted prices of okoume as stocks, built up as previous orders were cancelled, are now moving. While Middle East markets are steady producers report weakness in the South African market due to uncertainty and delays over government infrastructure projects and the ongoing strong price competition between African and Asian species. There has been a slowdown in the Indian purchases but the government continues to insist that housing for the people is a key policy and timber exporters are confident that this market will revive demand. Second quarter holds promise of firmer demand Producers in Central and West Africa are satisfied that, at present, signals from the markets suggest better times ahead. The improved sentiment has worked to steady... Continue reading