Guyana posts strong results for July 2008
Aug 18, 2008. /Lesprom.com/. Guyana’s log exports recorded for July 2008 are 11% greater by volume than the combined total for May and June 2008.
Aug 18, 2008. /Lesprom.com/. Log exports recorded for July 2008 are 11% greater by volume than the combined total for May and June 2008, ITTO reported. Exports of Guyana’s logs to China continue to increase with the year-to-date total being higher than the 2007 figure by approximately 5% by volume. The slight rise was caused by an increase in consumption of wamara logs being consumed in China’s market.
In 2008, the export volume of wamara logs was 48% greater than that of same period of 2007, with July’s volume exceeding a previous record high by more than 42%. This trend also indicates an increasing demand for wamara logs in the Chinese market since August 2007.
Year-to-date comparison of sawnwood reveals that greater volumes of sawn lumber are being exported at higher prices and have increased 18% by volume and 26% by value from the same period in 2007. The prime destination for sawnwood for the month of July was The Netherlands, with the dominant export being wamara.
Meanwhile, the fortnight’s volume of roundwood exports is up by more than four times the previous fortnight’s figures. This alone contributes to approximately 15% of all roundwood exports for the year, owing to a higher demand for greenheart piles from the US. Plywood exports by volume, on the other hand, are showing some signs of improvement from the combined results for May and June levels, with the US being the primary destination for exports.