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traders expecting higher log prices, following increases in SE. Asian log prices
|Surprisingly, no price changes were observed for W. African logs during
August. The Chinese market is still strong but in Europe the markets are still very dull
and are expected to remain so for the next week or two. Traders are expecting to see
rising log prices, following in the wake of SE. Asian log price trends. It appears West
African log exporters have been slow to up prices despite the US$20-30 per cubic metre
rise seen in Asian prices.
If the proposed regulations for Indonesian concessions are enforced then we could see very much higher log prices, at last responding to the 'shortage factor.'
are still working at low capacity because of the tighter controls on harvest areas. There
is a particular shortage of Azobe logs for milling for the traditional Netherlands market.
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