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Yaoundé - 15 December 2018 -
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Wood: The volume of Cameroonian and Gabonese exports puts pressure on global FOB prices

Wood: The volume of Cameroonian and Gabonese exports puts pressure on global FOB prices
  • Comments   -   Monday, 03 December 2018 15:49

(Business in Cameroon) - In its timber market memo issued late November, the International Tropical Timber Organization (ITTO) reported a pressure on FOB (Free on board) prices for sawn timber and logs from buyers in the Middle East, particularly China.

Middle East prices are under pressure, according to producers, due to the large volumes shipped from Cameroon and Gabon,” the organization wrote.

A reason for this increase in Cameroon’s wood exports is the launch of timber shipment operations at the deep-water port of Kribi, an infrastructure larger than the port of Douala, which has so far handled timber shipments.

BRM

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