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International Log & Sawnwood Prices

1-15th March 2005


International Log Prices 

Sarawak Log Prices 

FOB                     per Cu.m

Meranti SQ up              US$215-220

        small            US$185-190

        super small       US$155-160

Keruing SQ up              US$180-185

        small            US$150-155

        super small       US$140-155

Kapur SQ up         US$165-170

Selangan Batu SQ up       US$150-155

 

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

              Jan         Feb

2nd Quality       Euro4302        Euro 4321

              5 tons               5 tons

3rd Quality       Euro 3885        Euro 3979

              7 tons               10 tons

4th Quality       Euro 3387        Euro 3677

              53 tons               50 tons

Sawing Quality              per Hoppus Ton

Grade 1 Av.       Euro 2025        Euro2150

              118 tons        207 tons

Grade 2 Av.       Euro 1569        Euro 1594

              449 tons        357 tons

Grade 3 Av.       Euro 851        Euro 777

              84 tons               272 tons

Grade 4 Av.       Euro 1081       Euro 1034

              604tons        618 tons

Assorted Av.       Euro 724        Euro 584

              1125 tons        861 tons

Domestic       Euro 545       Euro 428

              1082 tons        1385 tons

 

Domestic Log Prices 

Brazil 

Logs at mill yard       per Cu.m

Mahogany Ist Grade     No Sales

Ipe                US$86

Jatoba                   US$53

Guaruba         US$37

Mescla(white virola)     US$45

 

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

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Peninsula Malaysia 

Logs

Domestic (SQ ex-log yard)  per Cu.m

DR Meranti          US$210-220

Balau                    US$175-180

Merbau                 US$240-245

Rubberwood        US$90-100

Keruing         US$180-190

 

Ghana 

                                       per Cu.m

Wawa                  US$36-44

Odum                   US$77-175

Ceiba                    US$31-53

Chenchen             US$33-88

Mahogany

(Veneer Qual.)              US$40-91

Sapele                  US$55-154

Makore

(Veneer Qual.)              US$54-154

  

International Sawnwood

 Francophone West Africa 

FOB                            per Cu.m

Okoume                Euro

FAS GMS                    275

Standard and Better            260

FAS Fixed Sizes              290

Sipo

FAS Standard Sizes              488

FAS Fixed Sizes              519

Sapelli                  

FAS scantlings                     487

Dibtou                        

FAS Standard Sizes              381

FAS Fixed Sizes              412

Iroko

FAS GMS                    458

Scantlings                    519

Strips                           304

Khaya

FAS GMS                    366

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Brazil 

FOB Belem/Paranagua Ports 

Export Sawnwood        per Cu.m

Mahogany KD FAS FOB

UK market           no trade

Jatoba Green (dressed)US$570

Cambara KD        US$420

Asian Market(green)

       Guaruba       US$260

       Angelim pedra       US$285

        Mandioqueira    US$210

Pine (AD)             US$128

  

Malaysia  

Sawn Timber

Export(FOB)                per Cu.m

White Meranti A & Up       US$335-345

Seraya

Scantlings (75x125 KD)     US$625-635

Sepetir Boards                   US$185-195

K.Sesendok 25,50mm            US$295-300

  

Ghana 

The Timber Industry Development Division (TIDD) of the Forestry Commission (FC) of Ghana has released the timber export performance for 2004. 

Ghana earned Euro 170.5mil. from the export of 455,180 cubic metres of wood products in 2004 as against Euro162.9mil. from the export of 444,388 cubic metres of wood products in 2003. The 2004 export performance represent increases of 4.60% and 2.43% in value and volume respectively over that of the previous year. 

The European Union (EU) continues to be the country's major trading bloc for wood products and accounted for 56% in value and 53% in volume of exports. 

A recent press release said the United States was a steadily emerging importer of Ghana's wood products, especially for plywood and rotary peeled veneer and US imports represent around 12% of total exports. 

The press release, however, indicated that wood products export to the ECOWAS sub-region continued to lag behind those of other trading partners. The country exported 46,919 cubic metres of wood products valued at Euro11.393 million in 2003 to the sub-region. With Senegal, Nigeria, The Gambia and Sierra Leone being the main markets for plywood and sawn timber. 

During 2004 the country earned Euro 143mil.  from the export of secondary wood products. Wawa continued to show resilience as the most dominant and most exportable species, leading a pack of some 52 other species. 

Ghana has now placed an emphasis on plantations of timber species, such Cedrella, Gmelina and Rose Wood (K. patro) to diversify the resource base. 

Air-dry FAS 25-100mm x 150mm and up x 2.4m and up 

FOB              Euro per Cu.m

Afromosia             855

Asanfina        480

Ceiba                    180

Dahoma         310

Emeri                   350

Edinam                 370

Khaya                  540

Makore                 450

Niangon         490

Odum                   630

Sapele                  480

Wawa       1C&sel          250

 

Peru

Exporters in Peru are reporting that FOB prices for Mahogany are increasing.  Prices for Mahogany sawnwood (length 6+ feet) for the US market have reached US$1,400.00-1,450.00 per cubic metre. For Central America markets the price is at US$1,230.00-1,250.00 per cubic metre. Local analysts say that this is due to supply problems and the need for producers to meet CITES requirements. 

The Peruvian trade has said that it would not be a surprised if there is a further increase in international prices for Mahogany in the coming months particularly as the dollar weakens. Last month the US dollar weakening against the nuevos soles. In december the exchange rate was 1: 3.30  nuevos soles but by the end of February the rate had fallen to 1:3.25 nuevos soles.  

If the US dollar continues to weaken then Peruvian timber exporters say they will be forced to increase prices in order to cover operational costs in nuevos soles.  

The producers, on the other hand,  say that the price structures for Mahogany would most likely be little affected as they can absorb the current level of change in domestic currency earnings. 

Analysts estimate that the Peru's Mahogany exports as a proportion of total exports will be down about 20% in 2005 as other species are accepted by the markets. 

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$1380-1450

Spanish Cedar No.1 C&B,

KD 16%,

Central Am. Market        US$615-620

Walnut 1" Thickness,

 6' - 11' length                   US$640-660

Spanish cedar # 1 C&B,   per Cu.m

KD 16%

Mexican market                US$650-660

Pumaquiro 25-50mm AD

Mexican market                US$460-490

Virola  Grade 1 1" to 2"

Length  6' - 8' KD

 Mexican market      US$270-290

Virola  Grade 2 1" to 2"

Length  6' - 8' KD

Mexican market                US$230-250

Lagarto  2" Thickness,

6' - 8' length          US$320-340

Cumaru 4" 6-11ft KD

Central American Market US$760-790

Ishpingo  2"

Thickness 6' - 8' length       US$355-365

 

Domestic Sawnwood Prices

Report from Brazil 

Sawnwood (Green ex-mill)

Northern Mills              per Cu.m

Mahogany             No sales

Ipe                US$364

Jatoba                   US$264

Southern Mills

Eucalyptus AD              US$125

Pine (KD) First Grade       US$162

 

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

Merbau                 US$425-435

Kempas50mm by

 (75,100&125mm)       US$195-200

Rubberwood

25x75x660mm up       US$235-240

50-75mm Sq.         US$240-245

>75mm sq.            US$255-260

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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 

                                       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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