Okoume prices on the rise

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ITTO/Fordaq
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The April FOB prices for okoume remain at the same level as in March, however, producers have signalled rising enquiries from importers for the Chinese market and some exporters have secured a € 5/m3 increase in FOB prices for sawn okoume. Bad weather in Gabon and Congo has impacted harvesting and transport on top of that.

Export prices for the European market remain flat as the hope for early recovery of demand has not established. All shippers in the region are experiencing problems in securing sufficient containers.

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