The log export tax has been raised in Cameroon and producers have immediately raised FOB asking prices. Only over the coming weeks will a clear picture emerge of how buyers are responding.
Previously the authorities in Cameroon were considering an export quota system similar to that adopted by the Republic of Congo but there were concerns this could lead to a reduction in revenues from the forestry sector.
So far there has been little effect on sawnwood FOB prices with most producers in the region proposing prices which are only slightly above levels before the log export tax increase..
Also in this issue
Ghana readying for FLEGT licenses this year
US$3 billion furniture and handicraft export target for Indonesia
Transparency in Myanmar harvesting contracts applauded
Recover of Brazil’s furniture sector some way off say analysts
Peru’s wood product exports fall for the third consecutive year
Japan’s wood products exports climbing
Mood of optimism pervades European trade shows
US furniture market outlook positive
Turn-around in plywood prices in Japan
At last prices moving up
Having flat-lined for almost all of 2017 wholesale plywood prices are now surging in Japan. The wholesale price of 2.4 mm thin ply has jumped 20% in 3 months and prices for 11.5mm floor base are up about 10%.
Shippers in Malaysia and Indonesia have pushed up FOB prices taking advantage of firming demand in Japan.
The Japan Lumber Report says supplies of both domestic and imported plywood are tight and that stocks of thin panels and floor base panels have fallen due to strong demand.