In response to growing pressure by saw-millers, Zambia Forestry and Forest Industries Corporation (ZAFFICO) has reduced timber prices.
In a statement on Tuesday, ZAFFICO public relations manager, Ireen Chipili, said the Corporation has made some price changes to its timber.
“We would like to inform our customers that reductions have been effected on eucalyptus and pine roundwood from K1,515.15 to K1,149.29 and K1,454.55 respectively,” Chipili said.
She said the price adjustments are with immediate effect and will remain in force up to December 2023.
Read more: ZAFFICO timber price hike sparks protest, market leaders call for calm.
Chipili said the measure had taken into consideration the need to provide a conducive trading environment and sustainability of the timber industry in Zambia.
“The Corporation takes this opportunity to reaffirm its commitment to efficient service delivery and engagement with its customers and stakeholders,” she said.
Recently the hike in timber prices sparked protest as market leaders.
Sawmillers Association for Zambian Pine and Hardwood (SAZPH) distanced itself from the protests telling its members not to take part in the protests carried by timber dealers against price hike of soft wood.
ZAFFICO announced an increase in the price of soft wood, which led to the demonstrations against the company’s decision.
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