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Forest

Cemac: Beac forecasts a decline in forest products’ export prices, in 2019

Cemac: Beac forecasts a decline in forest products’ export prices, in 2019
  • Comments   -   Wednesday, 20 February 2019 15:58

(Business in Cameroon) - The bank of central African countries forecasts a decline in the export prices of logged or sawn timber shipped from Cameroon, Congo, Gabon and the Central African Republic, throughout 2019.

This downturn, beac said, is linked to the high timber stocks in producing countries as well as macroeconomic uncertainties in Europe, a main destination of wood produced by CEMAC countries. Further, the bank cited ‘the slowdown in Chinese demand, the weakness of export investment in emerging and developing economies and, finally, the increase in private sector debt’ as the core reasons of this projected price drop in 2019.

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