Ghana’s Forestry Commission (FC) Pricing Committee left largely unaffected the Minimum Guiding Selling Prices (GSP) in the first quarter of 2006 as the variability of market prices was similar to that of the last quarter of 2005. However, there were few exceptions. Prices for niangon boules rose from €460 to €490 per m3 in the quarter under review while those for KD wawa 2C&S (quality two common and select) for Europe rose from €250 to €260 per m3, with few contracts for fixed dimensions achieving €270 per m3. Prices for KD wawa 1C&S remained at $280-$285 per m3 for the Middle East Market, with few contracts at $300 per m3, indicating possible price hikes in the second quarter of the year.
Markets for rotary veneer and plywood in the USA,
which were virtually non-existent in the last half of 2005,
improved significantly in March 2006. More contracts at
improved prices for this market were submitted to the FC
for approval. Prices of essa (celtis) rotary veneer core
grade with thickness of 4.1/4.2mm and 2.1mm recovered,
leading to a GSP of $342 per m3 during the quarter under
review. However, there were few contracts made $2-12
per m3 below that level. With few exceptions, most ceiba
rotary veneer contracts achieved the GSP. A large contract was approved by the FC for Messrs Fortuna
(Gh) Ltd. to export gmelina billets to India. The agreed
price of $110 per m3 was close to the price for gmelina
lumber, pushing its price upwards.
A volume of 0.152 m3 of coconut lumber with dimension
of 85mm x 85mm x 2.10m was exported to Japan on trial
basis by Dupaul Wood Treatment Ltd. at €1,040 per m3.
This is the first time this species has been exported.
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