In recent auctions at government forest depots in Khiria, Timarni and Ashapur in Central India approximately 5,000 cubic metres of mainly teak and some of Haldu and Laurel were sold.

Due to the rising costs of imported hardwood logs and because the domestic logs at these auctions were of good quality prices were higher than in previous auctions. Average prices per cubic foot ex-depots are shown below.

                                                                                                                                                    Prices for Haldu (Adina cordifolia) and Laurel (Terminalia tomentosa) logs

                                                                                                                                                      Domestic prices for sawnwood

Domestic ex-sawmill prices for air dried sawnwood per cubic foot are unchanged but are likely to rise in the short term.

                                                                                                                                                      Myanmar teak sawnwood processed in India

Competition from plantation teak and durable non-teak hardwoods is a barrier to price increases for locally sawn imported teak such that prices remain unchanged.

Price variations depend mainly on length and cross section of sawn pieces

Plantation teak imports affected by rupee dollar exchange

Arrivals of plantation teak shipments have been affected by the strong dollar and resultant higher landed costs in rupees.

Some minor adjustments in prices has beeen observed but generally prices have remained steady as exchange rates in supply countries have also adjusted to the stronger dollar. Current prices, C & F Indian ports per cubic metre are shown below.

Variations are based on quality, lengths of logs and the average girth of the logs.

Prices for imported sawnwood

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

                                                                                                                                                      Plywood producers raise prices

Inflationary pressure and weak Rupee has forced the manufacturers to increase the rates. Revised prices are shown below.

                                                                                                                                                      Domestic ex-warehouse prices for locally manufactured MR plywood