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Home: Global Wood
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Industry News & Markets
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International
Log and Sawnwood Prices
1-15th January; 2004
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International Log Prices
Sarawak Log Prices
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FOB
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per Cu.m
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Meranti SQ up
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US$155-165
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small
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US$125-135
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super small
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US$95-105
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Keruing SQ up
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US$140-145
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small
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US$110-115
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super small
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US$80-85
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Kapur SQ up
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US$140-145
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Selangan Batu SQ up
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US$145-145
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Francophone West African Log Prices
Sapele prices have risen sharply on heavy demand. Supplies
come mainly from Congo Brazzaville and the Central African Republic.
Producers report that China also is buying Sapele.
Sipo prices have slipped lower and are weakening due to
the heavy competition from Sapele which appears to be the preferred species
right now. Demand has reportedly improved for Moabi though prices are stable
and production is only moderate.
At the moment reports indicate that Ayous production is
very low despite improved demand from Germany as well as Italy. Analysts
expect prices to firm up in the next month.
Movingui prices have reportedly dropped sharply due to
heavy stocks of logs in French ports and also in Gabon.
Buyers for the Chinese market are still pressing hard for
reductions in the prices for Okoume logs. Some direct buyer contacts with log
producers led to agreed lower prices but the SNBG the government sales
organization refused to approve contracts prices below the official prices.
Sawmillers
in the Cameroon are anxiously waiting for the Forest Minister to release new
authorizations for the limited logging allowed under the Coupe Familiale
system. Log supplies are currently very tight and logs for domestic milling
are trading at almost same price levels as export log prices.
Markets in Europe are reported still very quiet having not moved since the
Christmas and New Year holiday period. Prices, say analysts, are likely to
remain dull over the winter. Asian buying is also slow and is likely to
remain quiet until after the Chinese New Year.
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FOB Prices
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LM
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B
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BC/C
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Euro
per Cu.m
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Afromosia/Assamela
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381
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350
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-
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Acajou/N'Gollon
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175
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152
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-
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Ayous/Obeche
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175
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160
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106
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Azobe
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152
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145
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114
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Bibolo/Dibtou
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145
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106
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-
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Fromager/Ceiba
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114
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114
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-
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Iroko
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274
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228
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160
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Limba/Frake
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122
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107
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99
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Moabi
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221
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198
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-
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Padouk
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206
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168
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-
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Sapelli
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259
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244
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206
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Sipo/Utile
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259
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244
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-
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Tali
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144
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129
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91
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Doussie
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427
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335
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-
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Gabon Okoume
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Grade
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per Cu.m
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CI
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US$158
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CE
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US$132
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CS
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US$103
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QS
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US$176
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Okoume for China
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50% CI, 40% CE, 10% CS
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US$200
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(Free alongside)
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Myanmar
The strengthening of the Euro is reflected in generally marginally lower prices
in December.
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Veneer Quality FOB
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per Hoppus Ton
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November
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December
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2nd Quality
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No sale
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No sale
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3rd Quality
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Euro4204
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Euro4114
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4th Quality
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Euro3512
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Teak Logs
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Sawing Quality
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per Hoppus Ton
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Grade 1
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Average
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Euro2032
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Euro1985
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Grade 2
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Average
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Euro1607
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Euro1599
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Grade 3
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Average
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Euro699
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Euro684
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Grade 4
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Average
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Euro1020
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Euro1027
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Assorted
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Euro707
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Euro675
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Domestic Log Prices
Brazil
Wood product
prices in the domestic market remain stable as the Brazilian Real exchange
rate against the US Dollar remained stable. Prices are expected to remain
stable for the months to come.
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Logs at mill yard
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per Cu.m
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Mahogany Ist Grade
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No Sales
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Ipe
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US$65
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Jatoba
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US$40
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Guaruba
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US$27
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Mescla(white virola)
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US$34
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The Brazilian Institute of Geography and Statistics (IBGE) has published a
report highlighting the growing importance of Brazil's forest plantations. In
2002, Brazil's primary forest production earned around R$ 6.0 billion
(approximately US$2.0 billion). Of this total the following products stand
out: acacia mangium bark (+401%); resins (+32%); eucalyptus leaves (+7%);
fuelwood (+54%); logs for the pulp & paper industry (+6%); and logs for
the mechanically processed timber industry (+10%). Only charcoal production
fell (-4%). As a whole, the production of forest plantation timber rose
7.61%, from 69.8 million m3 in 2001 to 75.1 million m3 in 2002.
In other news, it is anticipated that the World Bank will
enable investments of about US$1.5 billion to sustainable forestry projects
in the Amazon through to 2007. The resources could be directed to promoting
the sustainable development of the Amazon and to projects developed by
environmental agencies provided these are within the broad framework of
government initiatives. However, the World Bank has not yet made public its
decision.
Indonesia
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Domestic log prices
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per Cu.m
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Plywood logs
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 Face
Logs
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US$70-80
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 Core
logs
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US$45-60
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Sawlogs (Merantis')
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US$80-90
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Falkata logs
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US$90-95
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Rubberwood
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US$60-62
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Pine
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US$75-80
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Mahoni
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US$500-515
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Peninsula
Malaysia
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Logs
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Domestic (SQ ex-log yard)
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per Cu.m
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DR Meranti
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US$180-190
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Balau
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US$165-175
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Merbau
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US$190-195
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Rubberwood
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US$60-62
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Keruing
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US$150-160
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Ghana
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per Cu.m
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Wawa
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US$32-38
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Odum
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US$35-175
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Ceiba
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US$27-53
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Chenchen
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US$29-57
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Mahogany
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(Veneer Qual.)
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US$47-160
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Sapele
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US$47-140
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Makore
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(Veneer Qual.)
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US$47-140
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International Sawnwood
Francophone West Africa
Surprisingly, Sapele lumber prices have not yet moved
higher but, with the sudden increase in log prices, it is likely some prices rises
will be seen when current contracts are completed.
Although monsoon rains have finished, logs are still in
short supply in the West African region. Iroko prices are stable though
supplies from Congo Brazzaville, Gabon, CAR and the Democratic Republic of
Congo are said to be hardly sufficient for current demand. With the higher
prices for logs, mills are struggling to break-even.
The continued difficulties in Cote d'Ivoire are causing
severe problems for timber producers and processors
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FOB
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per Cu.m
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Okoume
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Euro
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FAS GMS
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266
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Standard and Better
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251
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FAS Fixed Sizes
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297
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Sipo
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FAS Standard Sizes
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640
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FAS Fixed Sizes
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670
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Sapelli
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FAS
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487
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Dibtou
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FAS Standard Sizes
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381
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FAS Fixed Sizes
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412
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Iroko
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FAS GMS
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548
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Scantlings
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487
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Strips
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274
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Khaya
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FAS GMS
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398
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Brazil
In the January-October period of 2003, Brazil exported US$ 2.1 billion in solid
wood products, 15.9% more than in the same period of the last year (US$ 1.8
billion).
The Brazilian Association for Mechanically Processed
Timber (ABIMCI) expects that these exports could reach US$ 2.5 billion this
year, which represents a slight rise in comparison to 2002 (US$ 2.2 billion).
Solid wood products represent 3.5% of total Brazilian exports. In 2002,
Brazil exported approximately US$ 60 billion. From this total, the forest
industry was responsible for 7%, and the solid wood industry, for 4%. Since
Brazilian solid wood imports are scarce, these exports represent net gains
for the trade
FOB Belem/Paranagua Ports
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Export Sawnwood
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per Cu.m
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Mahogany KD FAS FOB
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UK market
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no trade
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Jatoba Green (dressed)
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US$533
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Cambara KD
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US$440
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Asian Market(green)
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δΈ‚
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 Guaruba
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US$243
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 Angelim
pedra
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US$265
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 Mandioqueira
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US$185
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Pine (AD)
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US$120
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Malaysia
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Sawn Timber
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Export(FOB)
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per Cu.m
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White Meranti A & Up
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US$300-305
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Seraya
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Scantlings (75x125 KD)
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US$540-550
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Sepetir Boards
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US$175-185
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K.Sesendok 25,50mm
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US$295-305
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Ghana
Export lumber, Air Dry FOB
FAS 25-100mmx150mm and up 2.4m and up
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FOB
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Euro per Cu.m
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Afromosia
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855
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Asanfina
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480
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Ceiba
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180
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Dahoma
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300
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Edinam
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360
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Khaya
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480
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Makore
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449
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Odum
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580
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Sapele
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480
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Wawa
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300
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Peru
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For US Market
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per Cu.m
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Mahogany 1C&B, KD 16%
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Central American market
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US$1150-1190
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Mahogany 1C&B, KD 16%
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US market
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US$1170-1190
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Walnut 1" Thickness,
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6' - 11' length
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US$620-650
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Spanish cedar # 1 C&B,
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KD 16%
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US$600-625
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Virola 1" to 1 1/2
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Thickness, 6' - 8'
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length, KD
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US$400-430
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Lagarto 2" Thickness,
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6' - 8' length
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US$340-355
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Ishpingo 2"
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Thickness 6' - 8' length
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US$365-385
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Domestic Sawnwood Prices
Report from Brazil
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Sawnwood (Green ex-mill)
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Northern Mills
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per Cu.m
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Mahogany
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No sales
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Ipe
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US$274
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Jatoba
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US$198
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Southern Mills
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Eucalyptus AD
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US$98
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Pine (KD) First Grade
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US$131
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The Brazilian Association of Forest Plantation Producers (ABRAF) was launched
on December 2. According to Mr. Carlos Lira de Aguiar, President
of ABRAF, one of the association's first tasks will be to carry out a
strategic planning study in order to contribute to the Federal Government
plans for the development of plantations. ABRAF is keen to support the
Federal Government with the National Program of Forests (PNF), which foresees
the planting of 600,000 ha per year.
The objective of the PNF is to reduce Brazil's wood
deficit, getting the small farmer stared in the business and expanding
Brazil's competitiveness in the global forestry production business.
In other news, after 11 years of debate, the Brazilian
Chamber of Deputies approved, this December, a project that will regulates
the use and preservation of the Atlantic Forest. The project foresees that
7.2% of the original area of the Atlantic Forest shall be preserved.
Environmentalists and deputies who defend sustainable forest harvesting are
pleased with the text of the decision which will substitute the original text
presented in 1992.
The project delimits the Atlantic Forest area, defines
its domain, creates mechanisms for protecting natural regeneration and
establishes parameters for its economic exploration. Although it is less
strict than the original project, it enables the sustainable use of the
forest and establishes mechanisms to compensate farmers who might happen to
suffer financial losses due to the new restrictions.
The new text also deals with the protection of
bio-diversity of the Atlantic Forest, such the protection of the restinga
vegetation (low and thin woodland on sandy soils) along the coast, canopy
forests, swamps, and gallery forests. The deforested areas that now represent
secondary forests shall be allocated for reforestation.
Report from Indonesia
Sawn timber, ex-mill
Domestic construction material
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Kampar
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per cu.m
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AD
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3x12-15x400cm
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US$200-210
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KD
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US$280-290
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AD
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3x20x400cm
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US$305-315
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KD
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US$320-330
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Keruing
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AD
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3x12-15cmx400
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US$225-230
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AD
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2x20cmx400
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US$220-225
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AD
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3x30cmx400
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US$230-235
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Malaysia
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Sawnwood
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per Cu.m
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Balau(25&50mm,100mm+)
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US$215-225
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Kempas50mm by
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US$165-175
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(75,100&125mm)
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Rubberwood
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25x75x660mm up
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US$195-205
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50-75mm Sq.
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US$210-220
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100mm sq.
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US$235-245
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Ghana
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Sawnwood
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per Cu.m
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50x100mm x 4.8m
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Wawa
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US$72
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Emeri
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US$120
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Dahoma
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US$144
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Redwood
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US$144
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Ofram
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US$96
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50x75mm x 4.8m
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Dahoma
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US$160
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Redwood
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US$128
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Ofram
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US$96
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Emeri
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US$115
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Peru
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per Cu.m
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Mahogany
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US$1485-1490
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Virola
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US$180-195
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Spanish Cedar
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US$630
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Catahua
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US$172-177
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Tornillo
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US$347-358
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Source:ITTO
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