ID :
20098
Thu, 09/18/2008 - 22:55
Auther :
Shortlink :
https://oananews.org//node/20098
The shortlink copeid
LOG EXPORTS TO INDIAN MARKETS TO INCREASE IN 2ND HALF 2008
KUCHING (Malaysia), Sept 18 (Bernama) -- East Malaysia state of Sarawak's log exports to the Indian market is expected to increase tremendously
in the second half of this year to compensate for the loss from Myanmar, whose
timber was devastated by cyclone Nargis.
According to the latest issue of Perkasa, the Sarawak Timber Industry
Corporation's bi-monthly newsletter, by June this year the Indian market had
absorbed 49.56 percent of the state's log exports worth RM3.97 billion (US$1.17
billion).
The total value of exports had increased by 3.80 percent from the RM3.83
billion (US$1.13 billion) during the same period last year, with improvements
in the overall volume of logs, sawn timber, plywood, veneer, partical board,
medium density fibreboard, black board and other timber products.
However, the volume of dowels, mouldings and laminated board as well as the
tonnage of woodchip exported, decreased between January-June this year.
It said weather conditions in Sarawak for May and June was quite favourable
and conducive for logging activities and hence, the production of logs had
sufficiently stablised to meet demands from importing countries.
The traditional front-runners for the import of the state's log are India,
Taiwan, China, Japan and Vietnam, which together contributed 96.9 percent of
the overall log export revenue for the first half of 2008.
Thailand, Middle East and Taiwan were the top three importers of sawn
timber, contributing 61.4 percent to the sawn timber export revenue. Japan,
Korea, Middle East and Taiwan were the four main purchasers of the state's
plywood.
The demand for Sarawak's logs for the production of plywood in Japan up
to June this year, remained sluggish though owing to the country's curtailment
policy on production as a measure to level off its inventory.
The steep rise in fuel price which directly increased the cost of log
production and shipping, could be additional factors to distract Japan
and other traditional customers from increasing their import for the
product.
Perkasa said the export of logs to Japan would probably increase when its
production curtailment policy on plywood by the Japanese plywood manufacturers
ceased.
in the second half of this year to compensate for the loss from Myanmar, whose
timber was devastated by cyclone Nargis.
According to the latest issue of Perkasa, the Sarawak Timber Industry
Corporation's bi-monthly newsletter, by June this year the Indian market had
absorbed 49.56 percent of the state's log exports worth RM3.97 billion (US$1.17
billion).
The total value of exports had increased by 3.80 percent from the RM3.83
billion (US$1.13 billion) during the same period last year, with improvements
in the overall volume of logs, sawn timber, plywood, veneer, partical board,
medium density fibreboard, black board and other timber products.
However, the volume of dowels, mouldings and laminated board as well as the
tonnage of woodchip exported, decreased between January-June this year.
It said weather conditions in Sarawak for May and June was quite favourable
and conducive for logging activities and hence, the production of logs had
sufficiently stablised to meet demands from importing countries.
The traditional front-runners for the import of the state's log are India,
Taiwan, China, Japan and Vietnam, which together contributed 96.9 percent of
the overall log export revenue for the first half of 2008.
Thailand, Middle East and Taiwan were the top three importers of sawn
timber, contributing 61.4 percent to the sawn timber export revenue. Japan,
Korea, Middle East and Taiwan were the four main purchasers of the state's
plywood.
The demand for Sarawak's logs for the production of plywood in Japan up
to June this year, remained sluggish though owing to the country's curtailment
policy on production as a measure to level off its inventory.
The steep rise in fuel price which directly increased the cost of log
production and shipping, could be additional factors to distract Japan
and other traditional customers from increasing their import for the
product.
Perkasa said the export of logs to Japan would probably increase when its
production curtailment policy on plywood by the Japanese plywood manufacturers
ceased.
