Tuesday, 16 July 2013

Sarawak tropical log prices up sharply on tight supply

Tight supply due to declining production has driven Sarawak’s tropical log prices sharply higher this year. The export price of meranti logs has soared to US$280 per cu m from US$180 per cu m a year ago or up by nearly 60%, according to Jaya Tiasa Holdings senior manager (sales and marketing) Woung Lik Chiong. He said the meranti species made up between 30% and 40% of Jaya Tiasa’s log production volume. (Starbiz)

Source: CIMB Daybreak - 16 July 2013

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