Demand for Indian imported logs continues unchanged but imports are still affected by the withdrawal of credit facilities. Another factor impacting imports has been the weakness of the rupee. The rupee has fallen against the US dollar by around 5% over the past month making imports more expensive. Analysts write that “under these circumstances any rise in C&F prices is ruled out”. The trade feels that the normal banking facilities could be restored by the end of July. Plantation teak prices   ...
Register for unlimited accessWe work hard to bring you the latest news in the world of the international wood industry. The article you are currently reading is available only to registered users.
By registering you gain access to:
- Thousands of quality articles
- In-depth analyses of market trends
- Exclusive market price insights
- And much more!