India: Prices of teak logs, sawnwood and plywood in February 2017

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ITTO/Fordaq
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The price list for teak, sawnwood and plywood between 1-15 February 2017.

Plantation teak prices

  US$ per cu.m C&F
Angola logs 389-574
Belize logs 350-400
Benin logs 290-714
Benin sawn 530-872
Brazil logs 344-540
Brazil squares 333-556
Cameroon logs 405-616
Colombia logs 478-743
Congo D. R. logs 450-761
Costa Rica logs 357-780
Côte d'Ivoire logs 289-756
Ecuador squares 333-454
El-Salvador logs 320-732
Ghana logs 294-452
Guatemala logs 324-646
Guyana logs 300-450
Kenya logs 515-876
Laos logs 300-605
Liberia logs 265-460
Malaysian logs 225-516
Mexican logs 295-808
Nicaragua logs 402-505
Panama logs 335-475
PNG logs 443-575
Sudan logs 358-556
Tanzania, teak, sawn 307-613
Thailand logs 511-700
Togo logs 334-590
Trinidad and Tobago logs 603-753
Uganda logs 411-623
Uganda Teak sawn 680-900
Price range depends on quality, length and average girth of logs.

As was the case in January, prices are unchanged for teak from Taiwan P.o.C (US$1036 to 2,126 per cu.m C and F) and Honduras (US$471 to US$539 per cu.m C and F). Sawn teak from China (US$855 to 1,118 per cu.m C and F) and from Myanmar (US$461 to US$2,895 per cu.m C and F).

Prices for locally sawn imported hardwoods

Sawnwood, (Ex-mill) (AD) Rs. per ft3
Merbau
3200-3500
Balau
1850-1950
Resak
1350-1550
Kapur
1750-1850
Kempas
1250-1400
Red Meranti
1200-1350
Radiata pine AD
800-900
Whitewood
850-950
Price range depends mainly on length and cross section

Myanmar teak prices

The availability of Myanmar sawn teak has improved in recent weeks say analysts but prices remain stable.

Sawnwood (Ex-mill) Rs. per ft3
Myanmar Teak (AD)  
Export Grade F.E.Q.
8000-15000
Plantation Teak A grade
6500-7500
Plantation Teak B grade
5000-5500
Plantation Teak FAS grade
4000-4500
Price variations depend mainly on length and cross section.

Prices for imported sawnwood

Demand for imported sawnwood has started to rise and this has lifted prices for some species.

Sawnwood, (Ex-warehouse) (KD) Rs per ft3
Beech 1350-1450
Sycamore 1500-1650
Red oak 1600-1750
White Oak 2200-2250
American Walnut 4250-4500
Hemlock clear grade 1300-1400
Hemlock AB grade 1250-1300
Western Red Cedar 1850-2000
Douglas Fir 1550-1750
Price variations depend mainly on length and cross section.

Wholesale prices for plywood raised

Log raw material shortages are affecting plywood manufacturers and capacity utilisation rates have fallen. The log shortage has resulted in a rise in wholesale prices.

Plywood, Rs per sq.ft
Ex-warehouse. (MR Quality)  
4 mm 44.50
6 mm 58.75
9 mm 75.50
12 mm 91.00
15 mm 122.00
18 mm 128.50

Domestic ex-warehouse prices for locally manufactured MR plywood

Locally Manufactured
Plywood “Commercial
Grade”
Rs per sq.ft
  Rubberwood Hardwood
4mm Rs.22.50 Rs.33.25
6mm Rs.34.00 Rs.42.80
8mm Rs.42.80 Rs.52.00
12mm Rs.52.50 Rs.62.75
15mm Rs.63.75 Rs.76.50
19mm RS.72.50 Rs.85.50
5mm Flexible ply Rs.45.00

Source: ITTO

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