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Prices for African logs to remain firm for next two months, log supplies only adequate¡¾2002.05.27¡¿

Once again there are no changes in prices. It is expected prices will remain firm through the next two months. Log supplies are reportedly adequate, not excessive but sufficient. There is a definite slow but steady change to more local processing and less dependency on log exports in the region. Log prices should, of course, be helped by the Indonesia's decision to continue the ban on log exports.

Ayous/Obeche is particularly on the firm sied with higher prices and good demand. There was a small increase by euro 4 per cubic metre in B quality exports to Asian buyers.

Major log buyer remains as China while European log buying is reported as quiet.