Central/West Africa: Log prices remain stable but volumes are small

Fonte:
ITTO
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Producers in West and Central Africa report that international demand is generally dull but, for the small volumes traded, prices are still holding at late 2015 levels.

Having said that, small volumes of okoume veneer logs have changed hands at prices previously seen for peeler logs. Producers also report some business in belli and okan log exports but volumes are small.

Log exporters take comfort from reports of strict forest harvesting in Asia

With Chinese New Year vacations now in full swing, production and shipments from Asian producer countries are almost at a standstill. West and Central Africa log exporters will take some comfort from recent reports of tough enforcement of forest harvesting and resultant lower log availability and rising prices for Asian logs.

Diminished supply should act to sustain current international tropical log prices until there is the much anticipated rise in demand from China.

Overall, African log production and sales remain low and are not expected to improve until buyers for the Chinese market return.

2016 export prospects unclear

At this time each year timber producers would be fairly well advanced in planning their annual production and sales forecasts but, although they are optimistic of an eventual market upturn, there is no consensus as to when this could be expected.

What is certain, however, is that the volume of West and Central African logs available for export will decline since Gabon, has banned log exports, Cameroon is now restricting log exports to ‘non-premium’ species, Congo Brazzaville is strictly enforcing export quotas and reported to be considering changes to forest policies on processing and Democratic Republic of Congo log exports suffer because of high transport costs and from continuing unrest in remote areas.

To move ahead address conditions that discourage investment in downstream production

Log export restrictions would be fine if there were signs of growing investment in processing but most West and Central African producer countries have some way to go to put in place the conditions that encourage investment in downstream production capacity.

Until this is addressed it will be difficult to see production in many countries move beyond sawnwood, plywood and veneer.

Log Export Prices

West Africa logs, FOB € per m³
Asian market
LM
B
BC/C
Acajou/ Khaya/N'Gollon
230
230
160
Ayous/Obéché/Wawa
260
260
180
Azobe & Ekki
230
230
160
Belli
250
250
-
Bibolo/Dibétou
150
145
 
Iroko 330
290
260
Okoume (60% CI, 40% CE, 20% CS) (China only) 200
200
160
Moabi 335 305 225
Movingui 210
210
160
Niove
160
160
-
Okan
250
250
-
Padouk
310
285
225
Sapele 305
305
220
Sipo/Utile
345
340
265
Tali 320 320
-

                                                                                                                                               

Sawnwood Export Prices

West Africa sawnwood, FOB
€ per m³
Ayous FAS GMS 410
Bilinga FAS GMS 500
Okoumé FAS GMS
350
Merchantable 225
Std/Btr GMS 270
Sipo FAS GMS
610
FAS fixed sizes 610
FAS scantlings 640
Padouk FAS GMS 1010
FAS scantlings 1000
Strips 680
Sapele FAS Spanish sizes 610
FAS scantlings 620
Iroko FAS GMS 610
Scantlings 690
Strips
440
Khaya FAS GMS
450
FAS fixed
460
Maobi FAS GMS
610
Scantlings
630
Movingui FAS GMS
420
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