Tuesday, November 5, 2024
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Favourable market prices for Guyana’s timber

During the period under review, the market for greenheart logs showed some activity only in the standard sawmill quality. Purpleheart log prices gained in all categories. Mora log prices in standard sawmill quality rose while mora fair and small sawmill quality log prices remained unchanged.

For sawnwood, undressed greenheart earned higher average prices in all categories. Undressed purpleheart recorded increases in prices for select quality while undressed mora sawnwood prices remained relatively stable. Prices for dressed greenheart were favourable, while dressed purpleheart prices remained firm in this fortnight period compared to the previous one.

During the period under review, baromalli plywood fetched higher prices for both BB/CC and utility categories compared to the previous period. Guyana’s washiba (ipe) continues to be in demand attracting a price average of US$1,700 per cu.m. For the fortnight period under review, many of Guyana’s Lesser Used Species including burada, darina, fukadi, iteballi, itikiboraballi and muniridan were exported to European and Asian markets as logs and sawnwood.

Roundwood and fuelwood (piles, poles, posts and charcoal) contributed to the total export earnings with favourable average prices. Splitwood attracted a price average of US$1,225 per cu.m, the major destination being the Caribbean market.
For the period under review, exports of value-added products gained. The major product category was doors with soaring average price of US$2,190 per cu.m, followed by windows (US$1,126 per cu.m) and indoor furniture (US$1,000 per cu.m). The main species used for added value production include crabwood (andiroba) and purpleheart (amarante).

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