A variety of European importers have further reduced their log purchasing in Africa recently. This development is said to be due in part to the high cost of logs in relation to lumber. As a result, importing sapelli logs in particular is no longer attractive. From what importers say, another reason is the fact that the number of inner-European buyers of African wood continued to fall last year.

Source: EUWID

Posted and edited by Riona, Hanbao News Department

Contact: rionach@cltimber.com