Demand for lumber in India remains subdued due to ongoing shortages in container availability for exports. Liners are repositioning empty containers from Dubai and Singapore for export of Indian goods.
Kandla port will receive about three log ships from South America during July. Kandla green lumber price is hovering at INR 621 for South American and INR 671 for Australian origins.
Kandla may get 4 ship loads from South America, during August.
Tuticorin is facing a log shortage. A part bulk shipment is expected to arrive at Tuticorin port in early July, to discharge about 16,500 m3 from Uruguay. This may be enough for three to four months, as mills are not getting adequate lumber orders to operate throughout the week.
The price for lumber has dropped to INR 681 to 701 per CFT, cut from South African and USA logs, respectively.
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