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There has been a noticeable halt in the declining prices of domestic logs and lumber in Japan during mid-May. The prices of laminated whitewood posts and laminated cedar posts, which are competitors to KD cedar posts, have reached their lowest point, leading to controlled inventory of imported lumber
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The price of wood used for heating is capped at RON 500 per cubic meter, including VAT, according to a draft Ordinance of Emergency put up for public debate
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Sarawak log exporters are saying that market sentiment is uncertain as some log buyers are waiting to see if the Indonesian authorities decide to allow the export of plantation logs.
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Analysts report that demand in the main export markets remains weak but that there are signs of increased buyer interest in Europe and that, after a quiet spell, Indian buyers have become more active.
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Total plywood supply in April was 583,000 cbms, 18.0% more than April last year and 6.1% more than March, which is the largest in two years since May 2011.
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The new governor, who headed the Asian Development Bank before being asked to take the helm at the BoJ, said in the past the bank had been too timid with its policies and he supports the 2% inflation target....
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Tan Chin Huat, chairman of the Malaysian International Furniture Fair (MIFF) said that exhibitors at last months’ fair reported record orders of RM2.63 billion (approximately US$854 million)...
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Preliminary figures for Malaysian timber exports in 2012 suggest they totalled RM 19.9 billion (approximately US$ 6.3 billion) however, the statistics are still being finalised...
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