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Jun 2013

India: Domestic teak log prices ease during recent auction

In recently concluded auction sales at the government forest depots in Jabalpur, Narmada Nagar and Raipur divisions of Central India, approximately 8,000 cubic metres of mainly teak and small quantities of haldu and laurel were sold. Average prices for domestic teak logs per cubic foot, ex-depot, are shown below. [Mais... ]

India: current prices for teak, sawnwood and plywood

Supplies and shipments of imported plantation teak have been maintained and the volume of imports increased by 5% over the past month. Some minor price changes have been reported. [Mais... ]

May 2013

India: Prospects for an interest rate cut improve

The Wholesale Price Index, a widely watched measure of inflation, dropped to 5.96% in March, the lowest in the past forty months... [Mais... ]

India: Turn around in GDP growth forecast for 2013-14

The Prime Minister’s Economic Advisory Council has, in a recent statement, indicated that a turn-around in economy from a decade’s low growth is expected during fiscal 2013-14... [Mais... ]

Apr 2013

India: Reserve Bank of India releases latest monetary policy review

The Reserve Bank of India's (RBI) recently issued a press release on its March, mid-quarter economic review: [Mais... ]

India: Timber imports help Jammu and Kashmir conserve forests

In a bid to conserve state forest resources the Jammu and Kashmir government has adopted policies liberalising the procedures for timber imports and out of state purchases by manufacturers... [Mais... ]

Mar 2013

India: Call for budget to stimulate housing sector

Developments in India’s housing sector reflect the state of the economy... [Mais... ]

India: Budget offers support to home buyers

The budget for 2013-14, presented by the Finance Minister Mr.P.Chidambaram, has not increased import duties on wood in the rough, sawn timber, plywood and other panel products... [Mais... ]

Feb 2013

India: Budget expected to focus on stimulating industrial production

At the end of February the national budget for the coming fiscal year is expected to be submitted to parliament... [Mais... ]

Jan 2013

India: 2013 begins on a confident note

While the Indian economy could not avoid the impact of the weak global economy and also had its share of economic shocks, activity in wood based industry was rather resilient and demonstrated continued expansion, albeit more slowly than over the past few years... [Mais... ]

Dec 2011

India: Sliding rupee set to alter timber trade performance

India’s increasing trade deficit, along with the withdrawal of investments by investors from Europe and N. America, has added to the toll on the value of Indian rupee against all major currencies... [Mais... ]

Global economic downturn affecting the Indian economy

India’s GDP fell to a two year low of 6.9 percent in the second quarter of this financial year, slipping below 8% for the third straight quarter... [Mais... ]

Nov 2011

India: Domestic log prices firm as imported log prices climb

With the monsoon rains having receded in most parts of India log auctions have restarted in Central and Western depots... [Mais... ]

India: Weakening rupee continues to undermine imports

Fluctuations in the Rupee/US Dollar exchange rate have affected timber imports and the current 10% rise in import costs due to the weakening of the Rupee is difficult for the industry to absorb... [Mais... ]

Oct 2011

India: Gandhidham emerges as a wood manufacturing hub

Gandhidham is a city and a municipality in the Kutch District of Gujarat State and home to India's largest port Kandla which is around 11 km from the city... [Mais... ]

India: August exports up a robust 44 percent

Data released by the Ministry of Commerce shows that, despite the economic woes in traditional western markets... [Mais... ]

India: Imports of teak logs affected by exchange rate movements

Serious fluctuations in the Rupee and US Dollar exchange rate have affected imports of timber and in recent weeks the 10% rise in import costs of logs due to the depreciation of the Rupee cannot easily be absorbed by industry say local observers... [Mais... ]

Sep 2011

India: Log auction sales end in Central Province depots

Auction sales of domestic logs have now ended for the current season in the Jabalpur, Hoshangabad and Betul forest division depots... [Mais... ]

India: Critical log shortage affecting panel industries

A chronic problem of raw material shortages for wood based panel industries has resulted in many plants having to run well below capacity... [Mais... ]

Aug 2011

India: Export performance sustained

Figures released by Ministry of Commerce indicate a rise of 46% in exports during the month of June 2011 to US$29 billion... [Mais... ]

India: Inflation fears prompt another interest rate hike

Analysts report that inflation in India is expected to remain high until year end... [Mais... ]

Brisk log sales at Central India auctions

Recent auction sales of Teak and other hardwoods at depots in Central India were well attended... [Mais... ]

Jul 2011

Indian industry going for automation

In India, both wood raw materials and now labour are now in short supply... [Mais... ]

India: Economists suggest export growth could slow

During fiscal 2010/11 India made good progress in international trade... [Mais... ]

Jun 2011

India: Teak log prices firm at local auctions

Auction sales at Government Forest Depots in Gujarat and Central India are continuing and price trends for teak have been reported as firm, this also applies to other hardwood logs... [Mais... ]