During the last auctions of 2013 at various log depots in the Dangs division approximately 12,000 cubic metres of logs were sold. The majority of these were freshly felled good quality logs. Average prices recorded at the most recent auction are as follows:

Average prices recorded at the most recent auction are as follows:

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

The lack of demand from building companies depressed overall prices but the available logs were sold as sawmills needed to restock the logs used up during the monsoon period when auctions do not take place.

Good quality non-teak hardwood logs of Haldu (Adina cordifolia), Laurel (Terminalia tomentosa), kalam (Mitragyna parviflora) and Pterocarpus marsupium, 3 to 4 m in length having girths 91cms and up were sold at prices in the range of Rs.600~850 per cu.ft while medium quality logs were priced at 400 ~550 per cu.ft. Now that the holiday season is over demand is expected to rise and substantial quantities of logs are expected to be put up for sales in coming months.

Availability of alternatives creates competition for teak exporters

The stabilised rupee exchange rate has provided some relief for importers. As it is the dry season in many plantation teak supply countries the volumes offered have increased. Some suppliers of plantation teak are asking for higher prices but, with the present economic situation and the weak housing market in India, is not surprising that importers do to accept price increases, on the contrary, Indian buyers are pressing for reduced prices.

Also, the availability of other tropical hardwoods at competitive prices is creating tougher competition for teak suppliers and holding down prices. Current C & F prices for imported plantation teak, Indian ports per cubic metre are shown below.

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

Recently plantation teak was imported from Cameroon at prices in the range of US$350 to 510 per cu.m

Domestic ex-sawmill prices for air dried sawnwood cut from imported logs

As demand and supplies remain balanced and the rupee exchange rate is stable landed costs for imported logs have not changed so sawnwood prices remain unchanged.

Prices for air dry sawnwood per cubic Foot, ex-sawmill are shown below.

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

Domestic prices for Myanmar teak processed in India

Export demand for teak products manufactured in India continues to be good but domestic demand for Myanmar teak products is only from selective high net worth clients.

Price variations depend mainly on length and cross section

Prices for imported sawnwood

Ex-warehouse prices for imported kiln dry (12% mc.) sawnwood per cu.ft are shown below.

Price variations depend mainly on length and cross section.

Plywood Market

The housing sector continues to be very depressed and plywood manufacturers are suffering from rising production costs and want to increase prices immediately but the current demand is not supportive of this. Plywood prices on the domestic market remain unchanged

Prices for WBP Marine grade plywood from domestic mills

                                                                                                                                       Domestic ex-warehouse prices for locally manufactured MR plywood