Wood export prices down 6.1% QoQ in CEMAC in Q3 2022

The global price index of commodities exported by Cemac countries revealed that the prices for wood products (particularly sawn timber and logs) fell by 6.1% in the third quarter of 2022, compared with the second quarter. “This decrease is mainly observed on the sawn timber (-6.4%) and logs (-4.7%) markets, following the continuing slowdown in global economic activity,” according to the Composite Commodity Price Index (ICCPB) just published by the Bank of Central African States (Beac). As a reminder, this quarterly document is based on the prices of 20 commodities exported by CEMAC countries, representing 90% of the value of…