Average prices secured by the MTE during the latest open tender (28 April) are shown below along with the average prices obtained in the previous sale for comparison.
As logs can no longer be exported but have to be milled locally the decline in average prices is in line with forecasts made by local analysts.
Given the sizeable volume of unshipped logs in the country observers do not foresee a rise in open tender sale prices in the coming months.
Average prices US$ per hoppus ton are shown below.
|Species||Grade||H. Tons||Avg. Price||Previous Avg. Price|
Tamalan (Dalbergia oliveri) is the favourite of Chinese buyers and attracted very high prices prior to the log export ban as can be seen from the above table.