Auctions at the Tapti depots of Raj Pipla, Vyara etc. held from 20th to 25th October 2013 were successful and prices were firm. Approximately 6000 cu.m of logs were offered for sale at the recent auction.
Teak logs sales
Average prices recorded at the most recent auction are as follows:
|Teak logs||Per cubic foot|
|A quality for ship building||Rs.3300 - 3400|
|B quality for ship building||Rs.3100 - 3200|
|A for sawing||Rs. 2900-3000|
|B or sawing||Rs. 2700-2800|
|A Long length logs||Rs. 2500-2600|
|B Long length logs||Rs. 2400-2500|
|Long length, Medium Quality||Rs. 2100-2200|
|Short Length, Medium Quality||Rs.1800-1900|
|Short Length, Average Quality||Rs. 1500 plus|
Bidding at the auction was brisk for fresh teak logs of desirable specifications. Unfortunately, for some medium quality lots bids failed to achieve the reserved price and went unsold.
Good quality non-teak hardwood logs, such as Haldu (Adina cordifolia), Laurel (Terminalia tomentosa), kalam (Mitragyna parviflora) and Indian Kino (Pterocarpus marsupium) having lengths of 3 to 4 metres and girths of 91cms and up fetched prices in the range of Rs.800-900 per c.ft while medium quality logs traded at around Rs600-700 per c.ft.
Now that the Diwali and Indian New year holidays are over, auctions will continue.
Imported plantation teak prices reflect wide variations in quality
Plantation teak shipments continue to arrive irrespective of exchange rate fluctuations as India needs to import all types of wood including teak. Because of changed specifications and the willingness of importers to accept logs with smaller girths, prices have declined.
On the other hand some exporters have been shipping higher quality logs so, for these shipments, prices have improved. Current C & F prices for imported plantation teak, Indian ports per cubic metre are shown below. In the period reviewed Brazilian plantation teak logs arrived in India at prices ranging from US$ 350-750 per cubic metre.
|US$ per m3|
|Tanzania Teak sawn||350-700|
|Côte d'Ivoire logs||450-750|
|Costa Rica logs||350-700|
|Trinidad and Tobago logs||400-680|
|Uganda teak sawn||680-800|
|Malaysian Teak logs||140-450|
|Nicaragua Teak logs||430-535|
|Liberia Teak Logs||350-460|
Variations are based on quality, length and average girth of logs
Domestic ex-sawmill prices for air dried sawnwood cut from imported logs
Prices for air dry sawnwood per cubic Foot, ex-sawmill are shown below.
|Sawnwood, (Ex-mill) (AD)||Rs. per ft3|
Radiata Pine (AD)
Domestic prices for Myanmar teak processed in India
|Sawnwood (Ex-mill)||Rs. per ft3|
|Myanmar Teak (AD)|
Export Grade F.E.Q.
Plantation Teak A grade
Plantation Teak B grade
Plantation Teak FAS grade
Price variations depend mainly on length and cross section
Prices for imported sawnwood
The recent slowing in the Indian economy and the weak housing market is holding down imported sawnwood. Ex-warehouse prices for imported kiln dry (12% mc.) sawnwood per cu.ft are shown below.
|Sawnwood, (Ex-warehouse) (KD)||Rs per ft3|
|Hemlock clear grade||1300-1400|
|Hemlock AB grade||1100-1200|
|Western Red Cedar||1600-1650|
Price variations depend mainly on length and cross section.
Prices for WBP Marine grade plywood from domestic mills
|Plywood,||Rs per sq.ft|
|Ex-warehouse. (MR Quality)|
Domestic ex-warehouse prices for locally manufactured MR plywood
|Rs per sq.ft|
|5mm Flexible ply||Rs.36.00|