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    Papua New Guinea: Logs show stability in prices and exports
 

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Papua New Guinea: Logs show stability in prices and exports
08/02/2008 - 10:04

During the first three weeks of January 2008, PNG forest products showed active trading for logs. However, there appeared to be no apparent improvement in PNG log prices. China continued to be the dominant buyer of logs, while Taiwan and Australia imported more processed timber products.

The summary of forest products exports in January are as follows:
Logs: 242,866 m3 (includes Dec 2007)
Sawn timber: 2,587 m3
Plywood: 250 m3
Balsawood (sawn): 825 m3

Log prices (average unit values)
Saw/veneer log grade 
$ Avg unit value FOB per m3
 
Dec
Jan
Malas 
67
70
Calophyllum (bintangor) 
82
90
Taun 
79
88
Terminalia 
63
68
Pencil Cedar 
80
80
PNG Mersawa 
90
95
Red Canarium 
67
69
Erima 
67
67
Dillenia 
70
69
Burckella 
66
70
Kwila/Merbau 
166
170
 
 
 
Plantation kamarere logs
$ Avg unit val. FOB per m3
 
Dec
Jan
Diameter
60+cm (Vietnam market)
60
84
(IHB)
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