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Greenheart log prices reverse direction – ITTO report

Jul 05, 2011 News

Greenheart logs of all sawmill qualities secured price increases during the past two weeks, in sharp contrast to the situation some weeks ago, according to International Tropical Timber Organisation (ITTO).
The report further states that purpleheart log prices were stable except for small sawmill quality logs which saw a rise in price as against prices in the previous fortnight.
Mora log prices also improved slightly over the two-week period under review. Sawnwood prices slip marginally; Sawn lumber prices were mixed. Some items, including undressed Greenheart (select) quality recorded a marginal decline in its top-end price from US$ 848 to US$ 740 per cubic metre and undressed Mora (merchantable) quality also saw a decline in prices for this fortnight period.
On the other hand, prices for undressed Purpleheart (select) rose from US$ 750 to US$ 875 per cubic metre. Dressed Greenheart prices fell slightly from US$ 890 to US$ 818 per cubic metre; similarly dressed Purpleheart also recorded a marginal decrease in price from US$ 975 to US$ 912.
However the ITTO report noted that splitwood prices remain firm and reached as high as US$976 per cubic metre on the export market for this fortnight period. Roundwood piles attracted buyers in Europe and North America and fetched good prices. Prices for Guyana’s Ipe (Washiba) continue to hold firm at around US$ 2,350 per cubic metre on the export market.
Plywood exports resumed, and plywood was exported during the period under review with BB/CC grades fetching as much as US$640 per cubic metre. The main destination for this plywood was neighbouring countries in South America.

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