African exporters concerned about European debt crisis

19 October 2011

West African timber exporters are concerned about economic conditions in euro zone countries due to continuing negotiations over a Greek bail-out, according to the International Tropical Timber Organisation.

Traders are concerned about the possible impact on its European customers of current difficulties, and are expected to diversify export markets further.

Many exporters believe the Mediterranean and Middle East will remain attractive regions to do business and will keep overall sawn timber demand high enough.

Stable market conditions have been maintained, with India and China continuing to import West African timbers at the same level over the past six months.

Meanwhile, Ghana says it will improve marketing management training programmes to help exporters increases their capacity and ensure they meet standards in the global market.