Log and sawnwood prices in Central/West Africa

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ITTO/Fordaq
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West African producers report that demand levels remain only moderate with buyers concentrating on the most popular species. Sapele is back in demand and this has encouraged a rise in production but millers are careful to balance production with demand so as not to over produce and risk weakening prices.

Other species for which demand is holding up are dibetou, belli and doussie. Buyers for the Chinese market are prepared to pay the asking prices for these species but have become very tough on specifications.

Okoume remains out of favour with buyers for the Chinese market. Buyers say that okoume stocks in China are still high so they do not expect to resume any substantial new purchases of okoume logs or sawnwood for several months.

Red species are in demand for Middle East markets but buyers have been negotiating hard on prices as there is strong competition in these markets from Malaysian timbers.

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
330
330
-
Bibolo/Dibétou
150
145
 
Iroko 330
290
260
Okoume (60% CI, 40% CE, 20% CS) (China only) 240
240
160
Moabi 335 305 225
Movingui 210
210
160
Niove
160
160
-
Okan
250
250
-
Padouk
300
275
210
Sapele 360 360 270
Sipo/Utile
380
380
255
Tali 320 320
-

                                                                                                                                               

Sawnwood Export Prices

West Africa sawnwood, FOB
€ per m³
Ayous FAS GMS 400
Bilinga FAS GMS 500
Okoumé FAS GMS
400
Merchantable 225
Std/Btr GMS 300
Sipo FAS GMS
610
FAS fixed sizes 610
FAS scantlings 660
Padouk FAS GMS 880
FAS scantlings 940
Strips 500
Sapele FAS Spanish sizes 600
FAS scantlings 600
Iroko FAS GMS 610
Scantlings 660
Strips
440
Khaya FAS GMS
450
FAS fixed
470
Maobi FAS GMS
610
Scantlings
615
Movingui FAS GMS
420
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