European and Middle Eastern timber markets are stable
As of mid-April, the manufacturer has not announced any significant price changes. Demand in Europe and other Western markets is stable and stock levels remain unchanged.
As several countries in West Africa are about to implement new policies in the forestry and timber sectors, trade is expected to undergo some major changes in price structure and product sales.
The Congo’s harvest has fallen sharply, and insiders say the direct impact of the Congo Brazzaville timber export ban is a significant reduction in harvesting operations, resulting in a large number of workers being laid off.