Activity in Gandhidham is slow to recover after the Diwali holidays due to negative sentiment. Log importers and sawmills report fewer enquires from their customers for green sawn timber. The sale price for green sawn timber is now approximately 501-511 and 591-601 INR per CFT for timber from South America and Australian logs respectively.<\/p>\n
Exports from India fell to 29.78 b USD in October 2022 from 35.45 b in the previous month, the lowest since February 2021. In October last year, exports were 17% higher at 35.73 b USD. This has negatively affected the demand for sawn timber to make export packing pallets. There is an expectation North Indian demand might increase by March 2023 when the summer harvest starts and Indian exports increase.<\/p>\n
Log shipments from South America have reduced drastically, as unsold logs are still at bonded warehouses in Kandla and being sold at low prices.<\/p>\n
The Tuticorin market is also weak at 650 INR per CFT for sawn timber. Green sawn timber from Gandhidham is being supplied to South Indian markets like Bengaluru, Hyderabad by coastal container service. This has put pressure on South Indian mills.<\/p>\n
Indian buyers are waiting for New Zealand Ministry for Primary Industries to restart issuing Phytosanitary certificates for India bound shipments, from 1 January 2023. This is possible for underdeck, unfumigated logs, which needs to be fumigated on arrival in India, with Methyl Bromide.<\/p>\n
Many Indian log buyers are nostalgic about the grading, quality, and measurement of New Zealand radiata pine logs, and hope the recommencement of shipments becomes a win-win proposition to sellers and buyers.<\/p>","protected":false},"excerpt":{"rendered":"
Activity in Gandhidham is slow to recover after the Diwali holidays due to negative sentiment. Log importers and sawmills report fewer enquires from their customers for green sawn timber. The sale price for green sawn timber is now approximately 501-511 … Continue reading