While West and Central African exporters report good order book positions, demand levels are flat providing no opportunity for price increases. Analysts say there is little chance of a significant change in the second quarter as European demand has not picked up to any notable extent in spite of a generally mild winter which allowed construction companies to continue working...
Producers are expecting a somewhat quieter period for new sales in the first quarter so are concentrating on shipping current contracts. There were no major price movements in the period from mid December to the present and market conditions are said to be slow but stable. Producers in Cameroon are slowly getting production back to normal after the very heavy rains. There is news of increased log exports due, say analysts, to a relaxation in the quota system...
Log and lumber prices remain stable, with a very few small adjustments in the period up to the end of June. The European vacation ‘season’ has arrived and this has resulted in the usual downturn in demand. Looking ahead, exporters are not optimistic for any recovery in demand in the third quarter of this year.
Analysts report that demand in the main export markets remains weak but that there are signs of increased buyer interest in Europe and that, after a quiet spell, Indian buyers have become more active.
Tan Chin Huat, chairman of the Malaysian International Furniture Fair (MIFF) said that exhibitors at last months’ fair reported record orders of RM2.63 billion (approximately US$854 million)...
As the Chinese New Year holidays approach the timber industries in Malaysia are beginning to wind down production and prepare for a shut down from the first week in February. Sawmills, especially in Peninsular Malaysia, will shut for an extended break in early February...
The most recent export data shows that Malaysian exports totalled RM 390.3 billion for the period January to September 2012; this generated an average monthly positive trade balance of around RM 10 billion...
The Malaysian Ministry of Plantation Industries and
Commodities has indicated that some progress has been
made in talks with the European Union (EU) concerning
the Voluntary Partnership Agreement (VPA)...
The Ministry of International Trade and Industry is urging
the timber sector in Sarawak, as the state with the largest
timber resource, to consider expanding investment in the
The Malaysian Plantation and Commodities Ministry said
that the Malaysian timber industry is projected to meet its
export target of RM20 billion to RM21 billion, which is
close to the RM20.5 billion exports in 2010...
Malaysia’s exports of wooden furniture in 2011 are
expected be no higher than the RM6.5 billion achieved in
2010 as continued uncertainty in the global economy
weighs on the timber manufacturing and export sectors...
Malaysian timber exports slowed in the first four months
of this year and timber exporters in the country are wary of
a yet another economic downturn in the US that could
impact timber markets around the world as in 2009...