Economic activity started slowing in India in the middle of October as preparations commenced for Diwali (Festival of Lights) on the 24th of October. Many sawmill workers in Gandhidham are travelling to their home villages in Eastern India and will return to work about mid-November. Sawn timber prices are down in Gandhidham. Green sawntimber from South American and Australian logs sells for about 511 and 581 INR per CFT respectively. European kiln dried sawn timber sells for about 601 INR per CFT. This is about a 7% price drop over the last month. ...
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