India to double forested land area in next 10 years
The draft “Green India Mission” recently published by the Ministry of Environment and Forests, envisages doubling afforestation and eco-restoration efforts over the next 10 years. This mammoth effort is expected to cost Rs.440 billion over the next decade involving some 10 million hectares of land across the country.
The mission targets all types of forests, grasslands and scrub, mangroves, urban forest land as well as degraded agricultural and fallow land. The mission is expected to reduce greenhouse gas emissions about 6%.
Industrial growth surge
In April 2010, Indian Industrial Production surged 17.6% over the level in April 2009. The growth is close to a record high of 17.7 % chalked up in December 2009. Since October 2009, Industrial Production Index has shown double-digit growth with robust private consumption and investments being the supporting factors. India is targeting an annual 20% growth in industrial production.
Market trends
The South West Monsoon season has started, causing a break in housing activity and easing domestic demand for wood products. Plywood market seems to have settled down after the recent price increase imposed by domestic plywood manufacturers. However, a shortage of raw material and labour reportedly continues to hamper plywood production.
Hardwood auctions
Auctions of teak continued to attract active buying in the Central India log depots with US$38-57 per cu.m higher prices than in previous auctions. Sawing quality teak logs 3 metres and up fetched around US$1359 per cu.m, medium quality US$1133 per cu.m and logs between 2 and 3 metres long were priced at around US$906 per cu.m.
The hardwoods including haldu (Adina cordifolia) and kalam (Mitragyna parviflora) were the main non-teak species traded with prices around US$227 per cu.m for small dimension logs. Demand for South East Asian logs was brisk and the most popular species were balau, kapur, meranti, merbau and rengas.
India
CNF Plantation Teak
India Sawnwood Prices (domestic)
India Sawnwood Prices (imports)
India Plywood Prices
The mission targets all types of forests, grasslands and scrub, mangroves, urban forest land as well as degraded agricultural and fallow land. The mission is expected to reduce greenhouse gas emissions about 6%.
Industrial growth surge
In April 2010, Indian Industrial Production surged 17.6% over the level in April 2009. The growth is close to a record high of 17.7 % chalked up in December 2009. Since October 2009, Industrial Production Index has shown double-digit growth with robust private consumption and investments being the supporting factors. India is targeting an annual 20% growth in industrial production.
Market trends
The South West Monsoon season has started, causing a break in housing activity and easing domestic demand for wood products. Plywood market seems to have settled down after the recent price increase imposed by domestic plywood manufacturers. However, a shortage of raw material and labour reportedly continues to hamper plywood production.
Hardwood auctions
Auctions of teak continued to attract active buying in the Central India log depots with US$38-57 per cu.m higher prices than in previous auctions. Sawing quality teak logs 3 metres and up fetched around US$1359 per cu.m, medium quality US$1133 per cu.m and logs between 2 and 3 metres long were priced at around US$906 per cu.m.
The hardwoods including haldu (Adina cordifolia) and kalam (Mitragyna parviflora) were the main non-teak species traded with prices around US$227 per cu.m for small dimension logs. Demand for South East Asian logs was brisk and the most popular species were balau, kapur, meranti, merbau and rengas.
| US$
per
m3 |
|
| Sudan sawn |
710-760 ⇓ |
| Ivory Coast logs |
500-550 ⇓ |
| PNG logs |
450-500 |
| El-salvador logs |
375-400 |
| Guatemala logs |
375-400 ⇓ |
| Ghana logs |
425-450 |
| Benin logs |
425-450 |
| Brazil squares |
450-475 |
| Togo logs |
325-350 |
| Ecuador logs |
275-300 |
| Costa Rica logs |
375-400 ⇓ |
| Panama logs |
300-325 |
India Sawnwood Prices (domestic)
| Sawnwood
(Ex-mill) |
Rs.
per
ft3 |
| Myanmar Teak (AD) |
|
|
Export Grade F.E.Q.
|
5000-5500 |
|
Plantation Teak A
grade
|
2000-3400 ⇓ |
|
Plantation Teak B
grade
|
1800-2800 ⇓ |
|
Plantation Teak C
grade
|
1350-1500 |
India Sawnwood Prices (imports)
| Sawnwood,
(Ex-mill) (AD) |
Rs.
per
ft3 |
|
Merbau
|
1300 ⇓ |
|
Balau
|
1050 ⇓ |
|
Kapur
|
900 ⇓ |
|
Red Meranti
|
600 ⇓ |
|
Bilinga
|
650 |
|
Radiata Pine (AD)
|
325-350 ⇓ |
| Sawnwood,
(Ex-warehouse)
(KD) |
Rs
per ft3 |
|
Beechwood
|
1100 ⇓ |
|
Sycamore
|
1150 ⇓ |
|
Oakwood
|
1200 ⇓ |
|
American Walnut
|
2000 ⇓ |
|
Hemlock clear
grade
|
1050 ⇑ |
|
Hemlock AB grade
|
900 ⇑ |
|
Western Red Cedar
|
1250 |
India Plywood Prices
| Plywood,
(Ex-warehouse) |
Rs
per ft² |
| 4 mm |
26.5 ⇑ |
| 6 mm |
35.0 ⇑ |
| 12 mm |
51.0 ⇑ |
| 15 mm |
61.0 ⇑ |
| 18 mm |
74.0 ⇑ |
| Locally Manufactured Plywood “Commercial Grade” |
Rs per sq.ft | |
| Rubberwood |
Hardwood |
|
| 4mm |
Rs.9.50 | Rs.16.50 ⇑ |
| 6mm |
Rs.14.00 | Rs.24.00 ⇑ |
| 8mm |
Rs.17.50 | Rs.27.00 ⇑ |
| 12mm |
Rs.21.50 | Rs.29.00 ⇑ |
| 18mm |
RS.27.00 | Rs.39.00 ⇑ |
| 5mm Flexible ply | Rs.17.50 | Rs.21.00 ⇑ |