The second round of auctions for the current season has been concluded at Forest Depart Depots in Surat and Vyara. Around 12,000 cubic metres of good quality domestically grown teak and some non-teak hardwoods was on offer.
Despite prices for imported plantation teak easing auction prices were firm. Locally grown teak is always preferred by millers as the quality is higher, the sap is smaller, the form is good and the girths are larger all of which contribute to better recover rates in the mill.
Average prices recorded at the most recent auction were as follows:
Teak logs | Per cubic foot |
A quality for ship building | Rs. 2900-3000 |
B quality for ship building | Rs. 2800-2900 |
A for sawing | Rs. 2700-2800 |
B for sawing | Rs. 2600-2700 |
A Long length logs | Rs. 2400-2500 |
B Long length logs | Rs. 1800-1900 |
A 15 ft.& longer | Rs. 2200-2400 |
B 15 ft.& longer | Rs. 1600-1700 |
Long length, Medium Quality | Rs. 1400-1500 |
Short length, Medium Quality | Rs. 1300-1400 |
Short Length, Thin logs | Rs. 1100-1300 |
Variations are based on quality, length and average girth of logs
Good quality non-teak hardwood logs, 3 to 4 meters long having girths 91cms and up of haldu (Adina cordifolia), Laurel (Terminalia tomentosa), kalam (Mitragyna parviflora) and Pterocarpus marsupium fetched higher prices than in the previous auction in the range of Rs.800- 900.
Prices for medium quality logs were in the range of Rs.300-400 per c.ft. The next round of auctions will be held in the North and South Dangs Divisions and the indications are that a large volume of logs will be available.
Prices for imported plantation teak, C&F Indian ports
Prices are unchanged from the end of September.
US$ per m3 | |
Angola logs | 459-574 |
Belize logs | 350-400 |
Benin logs | 304-628 |
Benin sawn | 530-872 |
Brazil logs | 375-596 |
Brazil squares | 370-556 |
Cameroon logs | 405-538 |
Colombia logs | 262-811 |
Congo logs | 451-500 |
Costa Rica logs | 320-780 |
Côte d'Ivoire logs | 277-552 |
Ecuador squares | 330-564 |
El-Salvador logs | 381-934 |
Ghana logs | 273-500 |
Guatemala logs | 360-646 |
Guyana logs | 300-450 |
Uganda teak sawn | 680-900 |
Kenya logs | 515-600 |
Laos logs | 300-605 |
Liberia logs | 265-460 |
Malaysian logs | 225-516 |
Nicaragua logs | 402-505 |
Panama logs | 381-430 |
PNG logs | 443-575 |
Sudan logs | 468-620 |
Tanzania, teak, sawn | 307-613 |
Thailand logs | 511-700 |
Togo logs | 354-542 |
Trinidad and Tobago logs | 557-680 |
Uganda logs | 411-542 |
Uganda Teak sawn | 680-900 |
Variations are based on quality, length and average girth of logs
Prices for locally sawn hardwoods
Sawnwood, (Ex-mill) (AD) | Rs. per ft3 |
Merbau
|
1500-1650 |
Balau
|
1500-1600 |
Resak
|
1200-1400 |
Kapur
|
1250-1300 |
Kempas
|
1100-1200 |
Red Meranti
|
900-950 |
Radiata pine AD
|
600-725 |
Whitewood
|
600-700 |
Variations are based on quality, length and average girth of logs
Myanmar teak logs sawn in India
Despite the decline in stocks purchased before the log export ban there has been no change in price levels for domestically milled Myanmar teak
Prices for domestically milled Myanmar teak
Sawnwood (Ex-mill) | Rs. per ft3 |
Myanmar Teak (AD) | |
Export Grade F.E.Q.
|
8000-14000 |
Plantation Teak A grade
|
5500-6500 |
Plantation Teak B grade
|
4500-4750 |
Plantation Teak FAS grade
|
3500-4000 |
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 | 1100-1200 |
Western Red Cedar | 1600-1650 |
Douglas Fir | 1200-1300 |
Price variations depend mainly on length and cross section.
Domestic plywood 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 Grade” |
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 |