Timber, furniture prices up 36pc after logging ban
A three-wheeler transports timber. PHOTO | LABAN WALLOGA
What you need to know:
Acute shortage of logs hit saw millers’ ability to meet demand from builders, carpenters and block-board manufacturers, helping push up prices by 24 per cent in the past three months.
The logging ban has triggered a 36.18 percent and 11.73 percent rise in timber and furniture prices, respectively, in the past year.
According to the Kenya National Bureau of Statistics (KNBS) Producer Prices Index (PPI) for quarter three, acute shortage of logs hit saw millers’ ability to meet demand from builders, carpenters and block-board manufacturers, helping push up prices by 24 per cent in the past three months.
