India’s log import market is currently facing several challenges

Many parts of northern and western India are inundated with floods. Kandla is also affected by the monsoon rains, with vessels often having to wait a week before berthing. Container freight costs for exports from India to Europe have tripled, putting pressure on Indian exports. This means less demand for pallets and packaging materials produced from logs. Log demand should increase from mid-November, after Diwali is celebrated at the end of October. The IMF has upgraded India's GDP forecast in the FY2024-25 by 20 basis points from 6.8 to 7.0%. The growth momentum ...