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In June India is confronted with softwood prices that are now even higher than in December 2020 – where they have been 25-30% above the norm. Now allmost 350 €/m3 for pine have gotten standard and prices from New Zealand are as high as from Europe. Plywood prices are
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Demand for teak has fallen reflecting end-users concern for the economy and due to the annual monsoon during which time sales regularly slip. Because of this importers cut back on plantation teak purchases. Over the past month a new plantation teak supplier has emerged, Angola which recently shipped a small consignment (357 cu.m) of plantation teak logs worth US4,461
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Analysts report several price changes reflecting variation in the size of the logs shipped. Mexico has joined the ranks of plantation teak shippers to India. Recent weakness in the rupee exchange rate has raised the landed cost and manufacturers are attempting to pass on price increases
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Log auctions were held at the Jabalpur, Timarni, khirakia, Narmada Nagar and Raipur depots of Central India and sales were reported brisk as the quality of logs was good
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