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International Log & Sawnwood Prices

1-15th November 2004


International Log Prices 

Sarawak Log Prices

FOB                     per Cu.m

Meranti SQ up              US$190-195

        small            US$160-165

        super small       US$130-135

Keruing SQ up              US$170-175

        small            US$140-145

        super small       US$110-115

Kapur SQ up         US$145-150

Selangan Batu SQ up       US$145-150

 

 Francophone West African Log Prices

FOB                     LM  B      BC/C

                          Euro per Cu.m

Afromosia/Assamela       381       350  -

Acajou/N'Gollon     206  191  -

Ayous/Obeche              206       190  160

Azobe                   137  122       114

Bibolo/Dibtou        144  107  -

Movingui        190  175       145

Fromager/Ceiba              114       114  -

Iroko                    351  320       241

Limba/Frake         137  114       99

Moabi                   244  221       206

Padouk                 206  206  -

Sapelli                   229  213       190

Sipo/Utile              274  259  -

Tali                144  129       91

Doussie                457  335       274

 

 

Gabon Okoume

Grade                          per Cu.m

CI                        US$150

CE                       US$122

CS                        US$95

QS                       US$176

 

Okoume for China

40% CI, 40% CE, 20% CS       US$200 (Free alongside)

 

Myanmar 

Teak logs

Veneer Quality        FOB per Hoppus Ton

              Sept        Oct

2nd Quality       Euro  4039       Euro 4069

              3 tons              4 tons

3rd Quality       Euro  3785       Euro 3887

              4 tons              10 tons

4th Quality       Euro  3308       Euro 3286

              51 tons        83 tons

 

Sawing Quality       per Hoppus Ton

Grade 1 Av.       Euro  1952       Euro 1915

              252 tons 295 tons

Grade 2 Av.       Euro  1492       Euro 1476

              195 tons 366 tons

Grade 3 Av.       Euro  770       Euro 775

              395 tons 475 tons

Grade 4 Av.       Euro  1040       Euro 935

              513 tons 477 tons

Assorted Av.       Euro  708       Euro 691

              2050 tons tons 2253

Domestic       Euro 546       Euro 533

              492 tons tons 877

 

Papua New Guinea 

Saw/veneer grade     

Monthly Average FOB per Cu.m

Malas                   US$61

Calophyllum          US$81

Taun                     US$72

Terminalia             US$61

Pencil Cedar         US$78

PNG Mersawa              US$82

Red Canarium              US$55

Erima                   US$60

Dillenia                 US$58

Burckella              US$62

Kwila                   US$90

 

 

Domestic Log Prices  

Brazil

Logs at mill yard       per Cu.m

Mahogany Ist Grade     No Sales

Ipe                US$74

Jatoba                   US$46

Guaruba         US$32

Mescla(white virola)     US$39

  

Indonesia  

Domestic log prices     per Cu.m

Plywood logs 

 Face Logs           US$90-100

Core logs              US$60-75

Sawlogs(Meranti)       US$105-115

Falkata logs           US$90-95

Rubberwood         US$85-95

Pine               US$95-100

Mahoni                 US$500-515

  

Peninsula Malaysia

Logs

Domestic (SQ ex-log yard)  per Cu.m

DR Meranti          US$210-220

Balau                    US$175-180

Merbau                 US$215-225

Rubberwood        US$85-90

Keruing         US$175-185

 

 

Ghana  

Decline in exports

Ghana's timber exports have declined by about 7% in volume terms compared to the same period in 2003 and revenues have fallen by 12% to Euro 123.8 million for the period. The products worst hit are furniture parts (down by 45% in revenue) and mouldings where earnings are down by about 66%.

The poor showing is, say analysts, due mainly to difficulties the mills have to secure logs as well as to the high cost of production at the mills. The difficulties in securing logs for production are apparently due partly to delays in the pre-qualification and allocation of Timber Utilization Contracts (TUCs) and the competitive bidding for plantation timbers in forest reserves. The government says that it expects that both processes will be completed before the end of this year  

                                       per Cu.m

Wawa                  US$32-38

Odum                   US$77-175

Ceiba                    US$27-53

Chenchen             US$29-57

Mahogany

(Veneer Qual.)              US$40-91

Sapele                  US$47-140

Makore

(Veneer Qual.)              US$47-140

  

Bamboo Industry Gets Boost

A locally manufactured bamboo-processing machine has been introduced to the Ghanaian market to help boost the emerging bamboo industry. This was disclosed by Mrs. Gifty Ohui Allotey, the Programme Administrator of the Bamboo and Rattan (BARADEP) of the Ministry of Lands and Forestry. 

The manufacturers of the machine, Masterpiece Bamboo Limited in Takoradi, hinted that the machine was capable of processing bamboo into various products for both the internal and external markets. The cost of the machine is estimated at Ghana Cedis 120 million (or US$13,636.00) compared to US$300,000 for the imported machine.  

International Sawnwood  

Francophone West Africa 

FOB                            per Cu.m

Okoume                Euro

FAS GMS                    266

Standard and Better            251

FAS Fixed Sizes              297

Sipo

FAS Standard Sizes              640

FAS Fixed Sizes              670

Sapelli                  

FAS                            487

Dibtou                        

FAS Standard Sizes              381

FAS Fixed Sizes              412

Iroko

FAS GMS                    548

Scantlings                    487

Strips                           274

Khaya

FAS GMS                    398

  

Brazil  

FOB Belem/Paranagua Ports

Export Sawnwood           per Cu.m

Mahogany KD FAS FOB

UK market                  no trade

Jatoba Green (dressed)              US$510

Cambara KD               US$410

Asian Market(green)

       Guaruba         US$240

       Angelim pedra             US$270

        Mandioqueira           US$190

Pine (AD)                    US$130

 

Malaysia  

Sawn Timber

Export(FOB)                per Cu.m

White Meranti A & Up   US$325-330

Seraya

Scantlings (75x125 KD)  US$645-655

Sepetir Boards                  US$185-195

K.Sesendok 25,50mm           US$350-360

  

Ghana

FOB              Euro per Cu.m

Afromosia             855

Asanfina        472

Ceiba                    180

Dahoma         272

Edinam                 350

Khaya                  520

Makore                 449

Odum                   540

Sapele                  460

Wawa                  240

  

Peru

Peruvian timber and wood products export increased by around 25% in the period January-September 2004 to US$96.79 million compared to US$73.13 million for the same period in 2003. This was despite a fall in Mahogany exports which were down by about 22% to 12,797 cubic metres compared with the same period in 2003.

The USA still is the main export market accounting for some 47% of exports and sales are up by about 4.5%.

Exports to Mexico registered a positive growth of 57% compared to the period Jan-Sep 2003 and now, Mexico accounts for almost 30% of Peru's exports of wood products. Virola sawnwood and plywood of Lupuna, Virola and Spanish cedar are the items popular in the Mexican market.

As Loreto is the main Peruvian supplying region, especially for Virola sawnwood, almost all of the exports from Loreto are to Mexico. 

China and Hong Kong are the third ranked market destination for hardwood exports especially of mouldings, decking and flooring. Several Chinese hardwood importers have set up production plants in Peru. 

In central America the Dominican Republic, Puerto Rico and El Salvador take up most of the balance of exports of plywood and sawnwood and these counties have displaced European countries such as Germany and the United Kingdom as importers from Peru.  

Traders say that the growth export revenues is because FOB prices have risen for sawn Mahogany and Cabre-uva, plywood, mouldings, decking and flooring however, volumes have not increased much. 

For US Market                     per Cu.m

Mahogany  1C&B, KD 16%

Central American market    US$1220-1250

Mahogany  1C&B, KD 16%

US market              US$1300-1380

Spanish Cedar No.1 C&B,

KD 16%,

Central Am. Market       US$615-630

Walnut 1" Thickness,

 6' - 11' length              US$660-700

Spanish cedar # 1 C&B,

KD 16%

Mexican market              US$630-650

Pumaquiro 25-50mm AD

Mexican market              US$460-490

Virola  1" to 2"

Length  6' - 8' KD       US$270-290

Lagarto  2" Thickness,

6' - 8' length          US$345-365

Ishpingo  2"

Thickness 6' - 8' length       US$365-385

  

Domestic Sawnwood Prices  

Report from Brazil 

Sawnwood (Green ex-mill)

Northern Mills              per Cu.m

Mahogany             No sales

Ipe                US$313

Jatoba                   US$225

Southern Mills

Eucalyptus AD              US$109

Pine (KD) First Grade       US$140

  

Report from Indonesia

Sawn timber, ex-mill

Domestic construction material  

Kampar                per Cu.m

AD 3x12-15x400cm       US$200-210

KD                US$280-290

AD 3x20x400cm       US$305-315

KD                US$320-330

Keruing

AD 3x12-15cmx400       US$225-230

AD 2x20cmx400       US$220-225

AD 3x30cmx400       US$230-235

 

Malaysia  

Sawnwood            per Cu.m

Balau(25&50mm,100mm+)

                     US$235-245

Kempas50mm by

 (75,100&125mm)       US$185-195

Rubberwood

25x75x660mm up       US$235-240

50-75mm Sq.         US$245-250

>75mm sq.            US$255-265

 

 Ghana  

Sawnwood                   per Cu.m

Wawa 25x300x4.2m         US$73

Emeri       25x300x4.2m           US$70

Ceiba 25x300x4.2m         US$53

Dahoma 50x150x4.2m         US$138

Redwood 50x75x4.2m          US$122

Ofram    25x225x4.2m         US$136

 

 Peru

Analysts report that domestic prices for timber are increasing. Loggers explain that some of the reasons are the lack of raw materials, restrictions on harvests of Mahogany and the higher demand for hardwoods for export.

per Cu.m

Mahogany             US$1512-1522

Virola                   US$186-200

Spanish Cedar              US$630-640

Catahua         US$177-183

Tornillo          US$357-365

 


Abbreviations

LM       Loyale Merchant, a grade of log parcel  Cu.m         Cubic Metre
QS        Qualite Superieure    Koku         0.278 Cu.m or 120BF
CI          Choix Industriel                                                       FFR           French Franc
CE         Choix Economique                                                        SQ              Sawmill Quality
CS         Choix Supplimentaire      SSQ            Select Sawmill Quality
FOB      Free-on-Board     FAS            Sawnwood Grade First and
KD        Kiln Dry                               Second 
AD        Air Dry        WBP           Water and Boil Proof
Boule    A Log Sawn Through and Through MR              Moisture Resistant
              the boards from one log are bundled                      pc         per piece      
              together                      ea                each      
BB/CC  Grade B faced and Grade C backed MBF           1000 Board Feet          
              Plywood   MDF           Medium Density Fibreboard
BF        Board Foot F.CFA         CFA Franc        
Sq.Ft     Square Foot              Price has moved up or down

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Source: ITTO

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