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The current quiet market demand in Europe continues unchanged from January and this is expected to remain through until the end of the first quarter, and possibly well into April or May. On the other hand, West and Central African exporters report good steady business in the Middle East and also a discernible improvement in demand in Asian markets where purchases did not slow over the New Year period this year as much as in previous years...
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Producers are expecting a somewhat quieter period for new sales in the first quarter so are concentrating on shipping current contracts. There were no major price movements in the period from mid December to the present and market conditions are said to be slow but stable. Producers in Cameroon are slowly getting production back to normal after the very heavy rains. There is news of increased log exports due, say analysts, to a relaxation in the quota system...
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Several upward movements in FOB prices have been reported and while these changes are small they are more reflective of supply issues rather than any overall change in the market. Having said that, prices for sawn sapele have been firming strongly due to continued high demand and because log sare no longer flowing from the Central African Republic because of the severe escalation of the internal conflict
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A workshop organised by the Working Group on Forest Certification, established to support the Voluntary Partnership Agreement (VPA) process, has been held in Accra...
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Some positive log and sawnwood price movements have been reported since the end of August as demand continues firm in most markets. Demand for logs has improved and the demand pull has given producers the opportunity to negotiate for better prices especially as log availability remains tight. The problem is that, because of problems in sourcing logs, producers are finding it tough to respond to the improved demand, especially as this is focused on only the more popular species...
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Producers are reporting that current levels of demand are as expected for this time of the year and well within their capacity. In the quiet trading environment there are no indications of any general trend in prices.
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On the 15th July the inaugural meeting of the five-nation ECOWAS Steering Committee on the upgrading of the 1,030 km Abidjan-Lagos corridor road project met to begin work on the legal and institutional framework, the terms of reference for various studies and on finance and resource mobilisation.
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According to available data from the Timber Industry Development Division (TIDD) of the Forestry Commission, wood product exports from Ghana in the first six months of 2013 was...
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Log and lumber prices remain stable, with a very few small adjustments in the period up to the end of June. The European vacation ‘season’ has arrived and this has resulted in the usual downturn in demand. Looking ahead, exporters are not optimistic for any recovery in demand in the third quarter of this year.
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At the beginning of the year West and Central African exporters forecast that market conditions in 2013 would be tough and this is proving to be the case. Okoume log and lumber prices are very firm at present and supplies are reported to be limited.
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Revenue from Ghana’s non-traditional exports (NTEs) which does not include timber, cocoa beans and minerals fell around 4% in 2012 to US$2.3 billion.
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Ghana’s Minister of Lands and Natural Resources Alhaji Fuseini has said the country’s cooperation with the EU and others will continue until illegal logging and trade in illegally sourced and manufactured wood products is eliminated.
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Of the total Euro 29.48 million in export earnings from wood products in the first quarter Europe emerged as the major destination accounting for 41% of the trade. Imports by countries in Asia accounted for 25%, and this was closely followed by imports by African countries at 23%.
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The Forest Services Division of the Forestry Commission has begun a pilot project on artisan milling as part of measures aimed at curbing illegal chainsaw milling...
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The Forestry Commission (FC) of Ghana and Tropenbos International Ghana are jointly working together to draft a policy that will ensure a supply of legal timber to the domestic market...
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According to data from the Timber Inspection Development Division (TIDD) of the Forestry Commission (FC), the total volume of wood products export for the period January to December 2012 was 251,346 cubic metres...
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A team from the Ghana Forestry Commission (GFC) visited key importers in EU member states to exchange views and inform buyers, officials from EU competent authorities, customs and timber trade federations on the interim arrangements Ghana is putting in place before it is in a position to provide FLEGT Licensed wood products...
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