Hardwood auction prices in India

ITTO's Tropical Timber Market Report
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In recent auctions at government forest depots in Khiria, Timarni and Ashapur in Central India approximately 5,000 cubic metres of mainly teak and some of Haldu and Laurel were sold.

Due to the rising costs of imported hardwood logs and because the domestic logs at these auctions were of good quality prices were higher than in previous auctions. Average prices per cubic foot ex-depots are shown below.

Log length Girth cm Cu.ft
2-3 metres 46-60 Rs.900~1000
'' 61-75 Rs.1050~1150
'' 76-90 Rs.1200~1300
'' 91 and up Rs.1400 plus
3-4 metres 46-60 Rs.1050~1100
'' 61-75 Rs.1200~1300
'' 76-90 Rs.1400~1500
'' 91 and up Rs.1550 plus
4-5 metres 45-60 Rs.1150~1250
'' 61-75 Rs.1300~1400
'' 76-90 Rs.1500~1600
'' 91 and up Rs.1700 plus

                                                                                                                                                    Prices for Haldu (Adina cordifolia) and Laurel (Terminalia tomentosa) logs

3m to 4m Length Per cubic foot
46 to 60 cm. Girth -
61 to 75 cm. Girth Rs. 250-350
76 to 90 cm. Girth Rs. 400-450
above 91 cm. Girth Rs 500 plus

                                                                                                                                                      Domestic prices for sawnwood

Domestic ex-sawmill prices for air dried sawnwood per cubic foot are unchanged but are likely to rise in the short term.

Sawnwood, (Ex-mill) (AD) Rs. per ft3
Red Meranti
Radiata Pine (AD)
White wood

                                                                                                                                                      Myanmar teak sawnwood processed in India

Competition from plantation teak and durable non-teak hardwoods is a barrier to price increases for locally sawn imported teak such that prices remain unchanged.

Sawnwood (Ex-mill) Rs. per ft3
Myanmar Teak (AD)  
Export Grade F.E.Q.
Plantation Teak A grade
Plantation Teak B grade
Plantation Teak FAS grade

Price variations depend mainly on length and cross section of sawn pieces

Plantation teak imports affected by rupee dollar exchange

Arrivals of plantation teak shipments have been affected by the strong dollar and resultant higher landed costs in rupees.

Some minor adjustments in prices has beeen observed but generally prices have remained steady as exchange rates in supply countries have also adjusted to the stronger dollar. Current prices, C & F Indian ports per cubic metre are shown below.

  US$ per m3
Tanzania Teak sawn 350-700
Côte d'Ivoire logs 450-750
PNG logs 450-550
El-salvador logs 350-650
Guatemala logs 350-500
Nigeria squares 300-450
Ghana logs 300-650
Guyana logs 300-450
Benin logs 350-700
Benin sawn 700-800
Brazil squares 350-600
Colombia logs 400-550
Togo logs 350-500
Ecuador squares 300-450
Costa Rica logs 380-550
Panama logs 350-550
Sudan logs 400-700
Congo logs 450-550
Kenya logs 450-500
Thailand logs 350-500
Trinidad and Tobago logs 500-550
Uganda logs 550-650

Variations are based on quality, lengths of logs and the average girth of the logs.

Prices for imported sawnwood

Ex-wharehouse prices for imported kiln dry (12% mc.) sawnwood per cu.ft are shown below

Sawnwood, (Ex-warehouse) (KD) Rs per ft3
Beech 1200-1250
Sycamore 1200-1300
Red oak 1500-1650
White Oak 1600-1800
American Walnut 2300-2400
Hemlock clear grade 1100-1300
Hemlock AB grade 950-1000
Western Red Cedar 1550-1600
Douglas Fir 1200-1300

                                                                                                                                                      Plywood producers raise prices

Inflationary pressure and weak Rupee has forced the manufacturers to increase the rates. Revised prices are shown below.

Plywood, Rs per sq.ft
Ex-warehouse. (MR Quality)  
4 mm 31.50
6 mm 46.20
12 mm 70.30
15 mm 83.00
18 mm 99.70

                                                                                                                                                      Domestic ex-warehouse prices for locally manufactured MR plywood

Locally Manufactured
Plywood “Commercial
Rs per sq.ft
  Rubberwood Hardwood
4mm Rs.15.50 Rs.24.00
6mm Rs.22.75 Rs.32.75
8mm Rs.28.75 Rs.37.00
12mm Rs.34.25 Rs.43.25
19mm RS.48.00 Rs.59.50
5mm Flexible ply Rs.33.00