Teak prices on an upward trend in India
Aug 20, 2009. Despite the monsoon season, most timber offered for sale is sold. Imports are also steady, augmenting supplies to a great extent. Besides helping housing and industrial infrastructure, the imports help forest conservation efforts in the country.
Aug 20, 2009. /Lesprom Network/. Prices for local teak have been showing an upward trend in India, ITTO reported. Despite the monsoon season, most timber offered for sale is sold. Imports are also steady, augmenting supplies to a great extent. Besides helping housing and industrial infrastructure, the imports help forest conservation efforts in the country.
Different measurement systems are used by exporters from different countries and if the importer is not well versed he loses profits. The reactivated Teaknet is planning to take up the matter of uniform specifications, measurement systems and allowances for sapwood and bark and some guidelines on uniform price vis-a-vis classifications.
In India, the local practice is to measure the logs under the sap, regardless of the species. Even in African countries, timber such as padauk is measured under sap. For the protection of buyers and consumers, the ideal system would be to measure the logs under the sap so the question of allowance for sapwood and barkwood would not arise. Teaknet is expected to take up this matter in due course, possibly at its next international seminar planned for the month of November 2009.