India: Latest prices of teak logs, sawnwood and plywood

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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.

Importers say some traditional suppliers are now shipping shorter billets and smaller girth logs and that this has impacted the prices. Also, in recent weeks the supply of large girth logs from those suppliers traditionally shipping larger logs has fallen.

Current C&F prices for plantation teak

  US$ per m3
Belize logs 350-400
Benin logs 285-775
Benin sawn 530-872
Brazil logs 400-1063
Brazil squares 370-680
Cameroon logs 331-510
Colombia logs 404-788
Congo logs 408-710
Costa Rica logs 404-780
Côte d'Ivoire logs 277-720
Ecuador squares 313-858
El-Salvador logs 405-934
Ghana logs 255-635
Guatemala logs 192-585
Guyana logs 300-450
Uganda teak sawn 680-900
Kenya logs 515-600
Laos logs 300-605
Liberia logs 399-460
Malaysian teak logs 363-525
Nicaragua logs 350-596
Panama logs 288-630
PNG logs 405-575
Sudan logs 448-511
Tanzania, teak, sawn 307-885
Thailand logs 511-700
Togo logs 306-431
Trinidad and Tobago logs 557-680
Uganda logs 411-461
Uganda Teak sawn 680-900

Variations are based on quality, length and average girth of logs

Prices for domestically milled sawnwood from imported logs

Overall, supply and demand remains steady.

Sawnwood, (Ex-mill) (AD) Rs. per ft3
Red Meranti
Radiata pine AD

Variations are based on quality, length and average girth of logs

Growing interest in alternatives timbers holds down teak prices

Continuing strong resistance to price increases for Myanmar teak sawnwood stems from consumers growing acceptance of alternative species.

Prices for domestically milled Myanmar teak

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

Imported sawnwood 

Prices for imported sawnwood (KD 12%) shown below. No significant price movements have been reported.

Sawnwood, (Ex-warehouse) (KD) Rs per ft3
Beech 1300-1350
Sycamore 1300-1400
Red oak 1500-1650
White Oak 1600-1800
American Walnut 2300-2400
Hemlock clear grade 1300-1400
Hemlock AB grade 1200-1300
Western Red Cedar 1600-1650
Douglas Fir 1200-1300

Price variations depend mainly on length and cross section.

Lower phenol price but still plywood prices fall

Plywood manufacturers are benefitting from the recent decline in phenol prices and this is providing some relief to mills as they struggle to contain production costs.

Because of the weak housing market demand for panel products is stalled causing millers to lower prices.

Prices for WBP Marine grade plywood from domestic mills

Plywood, Rs per sq.ft
Ex-warehouse. (MR Quality)  
4 mm 39.50
6 mm 52.50
9 mm 66.50
12 mm 82.00
15 mm 109.00
18 mm 114.50


Domestic ex-warehouse prices for locally manufactured MR plywood

Locally Manufactured
Plywood “Commercial
Rs per sq.ft
  Rubberwood Hardwood
4mm Rs.20.00 Rs.29.60
6mm Rs.30.30 Rs.38.00
8mm Rs.38.20 Rs.46.00
12mm Rs.45.40 Rs.55.80
15mm Rs.55.80 Rs.68.00
19mm RS.64.60 Rs.76.30
5mm Flexible ply Rs.40.00  
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