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It is becoming increasingly difficult to get trade news from West Africa. Communication channels have not been affected by pandemic control measures and many logging and milling operations are continuing, the main issue seems to be that correspondents are so distracted trying to survive financially and pay wages that their time horizon has become very short, market developments seem a distant dream at present.

EU buyer interest wanes as their stocks rise

As could be expected there have been few price movements with importers and shippers sticking to previously negotiated prices.

West African producers report some adjustments have been made in prices for the EU market, for example prices for ayous for the Italian market have started to ease and buyers in France have stepped back from orders for moabi and douka as their stocks are higher than usual and the summer vacation season is fast approaching.

Shippers say the only moderately active market is China where demand for okoume sawnwood is holding up. Also there has been some interest in ovangkol which, say importers, is an alternative,, although quite different, for kevazingo in the Chinese home market.

It is reported that exporters in Equatorial Guinea are shipping bubinga with CITES certificates to China but prices are falling.

Kevazingo issues to be discussed to provide some clarity on a complex issue

Trade sources in Gabon report that there are some 10,000 cubic metres of kevazingo logs and sawnwood waiting for milling and further transformation. Producers say the kevazingo trade issue is becoming more and more difficult to understand.

To address this it appears the Minister will meet with the trade so they can hear directly from him what the current thinking is. Recently the Minister approved a large shipment (said to be 24,000 cubic metres) of sawn okoume, ovangkol, padouk and okan to China.

Producers in Gabon face new challenges to get export documents cleared by the Ministry as they must submit to temperature scans and provide contact address and telephone numbers. Also, when visiting the ministry, everyone must now make an appointment so crowding can be avoided.

Log Export Prices

West Africa logs, FOB € per m³
Asian market
LM
B
BC/C
Acajou/ Khaya/N’Gollon
265
265
175
Ayous/Obéché/Wawa
250
250
225
Azobe & Ekki
275
275
175
Belli
270
270
Bibolo/Dibétou
215
215
Bilinga
275
275
Iroko 300
280
225
Okoume (60% CI, 40% CE, 20% CS) (China only) 220 220 200
Moabi 365 365 285
Movingui 210
210
Niove
160
160
Okan
200
200
Padouk
250
230
200
Sapele 260 260 200
Sipo/Utile
260
260
230
Tali 300 300

 

Sawnwood Export Prices

West Africa sawnwood, FOB
€ per m³
Ayous FAS GMS 440
Bilinga FAS GMS 540
Okoumé FAS GMS
460
Merchantable 310
Std/Btr GMS 340
Sipo FAS GMS
500
FAS fixed sizes
FAS scantlings 520
Padouk FAS GMS 640
FAS scantlings 675
Strips 320
Sapele FAS Spanish sizes 450
FAS scantlings 480
Iroko FAS GMS 600
Scantlings 660
Strips
350
Khaya FAS GMS
480
FAS fixed
540
Maobi FAS GMS
620
Scantlings
640
Movingui FAS GMS
420

 

 

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