In contrast, exporters of mahogany sawnwood to the US market were, with a few exceptions, unable to satisfy the GSP. The gap between the contract price and the GSP in the second quarter was around 3-7%. However, in the third quarter the difference between the price being offered by US buyers and the Ghana GSP widened to 7-11%. Ghana’s under utilised species such as celtis, yaya and denya continued to find markets in the Middle and Far East countries. Shorts of denya sawnwood continue to attract buyers for the Chinese market.

Ghana’s exports to the US boosted by African Growth and Opportunity Act
Ghana’s exports of all products to the US doubled during the period September 2010 to September 2011 according to the US International Trade Commission (USITC) which uses statistics data provided by the US Department of Commerce to compile country reports.

This performance was aided by the US ‘African Growth and Opportunity Act’ (AGOA). The data show that Ghana’s export under the AGOA (including the GSP) increased from US$31.1 mil. September 2009- 2010 to US$195.7 mil. over the same period up to September 2011. Ghana’s main exports to the US market comprised agricultural products, forest products, textiles and apparel.

Log Domestic Prices

Ghana logs, domestic	US$ per m3
	Up to 80cm	80cm+
Wawa	140-150	157-170
Odum Grade A	160-170	175-185
Ceiba	118-130	132-148
Chenchen	90-100	105-120
Khaya/Mahogany (Veneer Qual.)	111-123	125-145
Sapele Grade A	145-155	160-185
Makore (Veneer Qual.) Grade A	128-135	140-166

Export Sawnwood Prices

Ghana Sawnwood, FOB	€ per m3
FAS 25-100mm x 150mm up x 2.4m up	Air-dried	Kiln-dried
Afrormosia	855	-
Asanfina	495	560
Ceiba	210	269
Dahoma	330	385
Edinam (mixed redwood)	400	450
Emeri	350	490 ▲
African mahogany (Ivorensis)	568	685
Makore	530	580 ▼
Niangon	515	620 ▲
Odum	625	720 ▲
Sapele	555	630 ▲
Wawa 1C & Select	260	307 ▲

Domestic Sawnwood Prices

		US$ per m3
Wawa	25x300x4.2m	289
Emeri	25x300x4.2m	305
Ceiba	25x300x4.2m	240
Dahoma	50x150x4.2m	330
Redwood	50x75x4.2m	444
Ofram	25x225x4.2m	298

Export Veneer Prices

Rotary Veneer, FOB	€ per m3
	CORE (1-1.9mm)	FACE (<2mm)
Bombax	315	350
Ofram	320	355
Ogea & Otie	320	350
Chenchen	315	350
Ceiba	330	353
Mahogany	415	450

The above prices are for full sized panels, smaller sizes minus 15%. Thickness below 1mm would attract a 5% premium.

Export Rotary Veneer Prices

Rotary Veneer 2mm and up, FOB	€ per m3
	CORE (2mm & up)	FACE (2mm & up)
Ceiba	280	285
Chenchen	305	345
Ogea	305	340
Essa	290	330
Ofram	310	350

Export Sliced Veneer Prices

Sliced Veneer, FOB	€ per sq. m
	Face	Backing
Afrormosia	1.19	1.00
Asanfina	2.00	1.90
Avodire	1.82	1.10
Chenchen	1.10	0.59
Mahogany	2.00	1.40
Makore	2.00	0.90
Odum	1.80	1.00

Ghana Export Plywood Prices

Plywood, FOB	€ per m3
BB/CC	Ceiba	Ofram	Asanfina
4mm	380	565	597
6mm	367	540	575
9mm	310	384	445
12mm	290	390	397
15mm	285	327	343
18mm	275	320	333

Grade AB/BB would attract a premium of 10%, B/BB 5%, C/CC 5% and CC/CC 10%.

Ghana Added Value Product Prices

Parquet flooring 1st	FOB € per sq.m
	10x60mm	10x65-75mm	14x70mm
Apa	12.00	14.47	17.00
Odum	7.80	10.18	11.00
Hyedua	13.67	13.93	17.82
Afrormosia	13.72	18.22	17.82

Grade 2 less 5%, Grade 3 less 10%.

Export Moulding Prices

Mouldings (FOB export)	€ per m3
Dahoma grade 1	492
Denya grade 1	516
Hotrohotro grade 1	580
Wawa grade 1	500
Wawa grade 2	428
Ekki grade 1	570
Wawabimba Laminated grade 1	750