India: Steady timber import demand

Demand in Kandla for green sawn timber is steady at INR 571 and INR 601 per CFT from timber from South America and Australian pine logs respectively. A log vessel will load in New Zealand in early April to arrive in Kandla in early May. Planning is underway for a couple of additional log vessels from New Zealand as log exporters seek alternatives to the constrained China log market. However, the market expects about five log vessels from South America to arrive in May and the market may be oversupplied if more vessels are loaded from NZ to ...