 | Prices for Indonesian timber products, especially plywood, rose in early November as more importing countries took a second look at Indonesia as an additional supplier of timber products, albeit concerns over source and poor infrastructure. Some importers had expressed worries about the tight raw material supply situation in Malaysia. Importers from India were particularly interested in Indonesian timber products to meet the mid-range to low-end markets. This had motivated Indonesian exporters to explore markets in Pakistan and Bangladesh. Indonesia was also seeking more interest from China. Having China’s enormous consumption of raw materials in mind, the Indonesian House Speaker Agung Laksono had endorsed the Indonesian House of Representative to attract more Chinese investment into Indonesia. Indonesia was also intending to address non-tariff barriers in the form of strict quality standards imposed by Japan on timber products. (Source: Fordaq) |