India: Domestic teak log prices ease during recent auction

Source:
ITTO's Tropical Timber Market Report
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In recently concluded auction sales at the government forest depots in Jabalpur, Narmada Nagar and Raipur divisions of Central India, approximately 8,000 cubic metres of mainly teak and small quantities of haldu and laurel were sold. Average prices for domestic teak logs per cubic foot, ex-depot, are shown below.

Log length Girth cm Cu.ft
2 - 3 metres 46 - 60 Rs.800~850
61 - 75 Rs.850~950
76 - 90 Rs.1000~1100
91 and up Rs.1200 plus
3 - 4 metres 46 - 60 Rs.850~950
61 - 75 Rs.950~1000
76 - 90 Rs.1100~1200
91 and up Rs.1300 plus
4 - 5 metres 45 - 60 Rs.900~950
61 - 75 Rs.1000~1100
76 - 90 Rs.1300~1400
91 and up Rs.1500 plus

                                                                                                                                                As the quality of the logs at these auctions was below average and because buyers from Gujarat and Maharashtra were not present, prices were lower than in the previous sale. Prices for Haldu (Adina cordifolia) and Laurel (Terminalia tomentosa) logs.

3m to 4m Length Per cubic foot
46 to 60 cm. girth No sale
61 to 75 cm. Girth Rs 250-350
76 to 90 cm. Girth Rs 400-450
above 91cm. girth Rs 500 plus
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