India October Log Market Analysis

Posted on November 17, 2020

Demand for sawn timber from New Zealand logs steady at 471 INR per CFT (USD 6.3) October log supply is mostly from Uruguay which is sold at 10% discount at 461 INR per CFT (USD 6.2) Sawmills in Gandhidham (near Kandla) is operating at 70% capacity and expect to return to 100% productivity post Diwali in mid-November In Tuticorin due to log shortage, sawn timber are selling at higher price of at 521 INR per CFT (USD 7)