James Latham says enforcement of the EUDR has led to cheap uncertified competing hardwood products being diverted to the UK. The company made the comment in its latest trading update in which it reported revenue totalling £186.6m for the six months to September 30, 2024. It said the cheaper, uncertified products were especially in the African sapele markets and had resulted in a significant negative effect on the company’s margins on those products. Jame Latham’s revenue for the period was down 2.3% on the £190.9m reported for the same period last year. The company says cost prices on both timber and panels have remained stable throughout the first half of the year but there are signs of price weakness in some of its commodity products.