October 22, 2010
For the period under review, some price changes were experienced from September. Prices firmed as a result of good demand from China, India and Vietnam. Iroko logs are still in good demand and sawnwood prices also gained due to increased demand from European and Asian buyers. Sapele log prices are a little higher and demand for niove logs for the Indian market remains steady lifting prices. Okoumé log prices also inched up, even though supply from Equatorial Guinea and Congo Brazzaville is now sufficient to meet demand in consumer countries, says an analyst.