Timber Prices - Worldwide Logs & Lumber, Wood Products Prices Index

International Log & Sawnwood Prices

16-31th July 2004

International Log Prices

Sarawak Log Prices

FOB per Cu.m

Meranti SQ up US$170-175

small US$140-145

super small US$110-115

Keruing SQ up US$160-170

small US$130-140

super small US$100-110

Kapur SQ up US$140-145

Selangan Batu SQ up US$140-145

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 175 160 106

Azobe 168 145 114

Bibolo/Dibtou 152 114 -

Movingui 206 190 175

Fromager/Ceiba 114 114 -

Iroko 351 320 241

Limba/Frake 137 114 99

Moabi 244 221 206

Padouk 206 206 -

Sapelli 259 244 206

Sipo/Utile 274 259 -

Tali 144 129 91

Doussie 427 335 274

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

More of the teak is now processed domestically into higher value added products and the government has a stated policy to expand domestic manufacturing which is leaving fewer logs for export.

Veneer Quality LogsFOB per Hoppus Ton

June July

2nd Quality No sale No sale

3rd Quality Euro3650 Euro3667

4 tons

4th Quality Euro3141 Euro3314

39 tons

Sawing Quality Logs FOB per Hoppus Ton

Grade 1

Average Euro1963 Euro1938

212 tons

Grade 2

Average Euro1586 Euro1662

335 tons

Grade 3

Average Euro709 Euro 769

331 tons

Grade 4

Average Euro1158 Euro 1095

481 tons

Assorted

Average Euro716 Euro 784

317 tons

Domestic Log Prices

Brazil

There was a very slight increase in wood prices in on the domestic market. Wood prices in US Dollars increased due to a further devaluation of the Real against the US Dollar.

Pine wood product prices continue to be affected by shortages of logs but, in the case of tropical wood, the arrival of the dry season and unhindered harvesting will push prices down.

Logs at mill yard per Cu.m

Mahogany Ist Grade No Sales

Ipe US$64

Jatoba US$42

Guaruba US$28

Mescla(white virola) US$34

Indonesia

Domestic log prices per Cu.m

Plywood logs

Face Logs US$80-90

Core logs US$55-65

Sawlogs(Meranti) US$85-95

Falkata logs US$90-95

Rubberwood US$75-85

Pine US$85-90

Mahoni US$500-515

Peninsula Malaysia

Logs

Domestic (SQ ex-log yard) per Cu.m

DR Meranti US$185-195

Balau US$165-175

Merbau US$205-210

Rubberwood US$70-75

Keruing US$170-175

Ghana

per Cu.m

Wawa US$33-41

Odum US$77-175

Ceiba US$27-53

Chenchen US$33-88

Mahogany

(Veneer Qual.) US$49-160

Sapele US$55-154

Makore

(Veneer Qual.) US$55-154

Ghana has established about 43,000 hectares of forest plantations since the President launched the plantation development initiative in 2001. This was made known by the Minister for Lands and Forestry, Prof. Dominic Fobih at a three-day international workshop at the Forestry Research Institute of Ghana (FORIG), near Kumasi.

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

Tropical sawnwood exports were US$243.9 million in the first half, 43.9% more than in January-June period of 2003 (US$ 169.2 million). Pine sawnwood exports in the first half of the year rose 5.4% (US$ 136 million in January-June of 2004 and US$ 129 million in January-June of 2003).

FOB Belem/Paranagua Ports

Export Sawnwood per Cu.m

Mahogany KD FAS FOB

UK market no trade

Jatoba Green (dressed) US$530

Cambara KD US$430

Asian Market(green)

Guaruba US$240

Angelim pedra US$270

Mandioqueira US$190

Pine (AD) US$125

Malaysia

Sawn Timber

Export(FOB) per Cu.m

White Meranti A & Up US$305-315

Seraya

Scantlings (75x125 KD) US$640-650

Sepetir Boards US$175-185

K.Sesendok 25,50mm US$370-380

Ghana

Exports up to June 2004 totalled Euro 15.0 million from a volume of 40,436 cubic metres. The corresponding figures for 2003 was Euro 17.25 million and 34,600 cubic metres.

For the period under review exports of Profile Boards, Furniture Parts, Parquet Floorings and Mouldings saw increases. This is due to the continuous expansion being undertaken by most sawmills in Ghana with the view to produce added value products.

There were declines in exports of Kiln dried lumber (-8.33%), Rotary Veneer (-26.62%), Curls Veneer (-45.11%) and Plywood (-18.75%) and local analysts point to inadequate supply of and weak overseas demand as the main reasons for the decline.

FOB Euro per Cu.m

Afromosia 855

Asanfina 480

Ceiba 180

Dahoma 300

Edinam 360

Khaya 480

Makore 449

Odum 580

Sapele 480

Wawa 300

Peru

For US Market per Cu.m

Mahogany 1C&B, KD 16%

Central American market US$1170-1200

Mahogany 1C&B, KD 16%

US market US$1230-1290

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$620-630

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$284

Jatoba US$206

Southern Mills

Eucalyptus AD US$103

Pine (KD) First Grade US$138

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$215-225

Kempas50mm by

(75,100&125mm) US$165-175

Rubberwood

25x75x660mm up US$230-235

50-75mm Sq. US$240-250

>75mm sq. US$250-260

Ghana

Sawnwood per Cu.m

Wawa 25x300x4.2m US$63

Emeri 25x300x4.2m US$70

Ceiba 25x300x4.2m US$53

Dahoma 50x150x4.2m US$113

Redwood 50x50x4.2m US$94

Ofram 50x50x4.4m US$73

Peru

per Cu.m

Mahogany US$1490-1500

Virola US$183-198

Spanish Cedar US$620-630

Catahua US$174-180

Tornillo US$352-360

Source:ITTO