The wood panel industry is set to witness the peak in timber prices in 2022. The scenario is going to emerge when a manufacturer will evaluate the cost of timber used per square feet with respect to yield and the girth of the log.
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Year 2021 is indicating a further increase in prices with each passing month. The demand for timber, planks, imported wood and wood lops-tops have been consistent after September .
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As predicted by Ply Reporter’s the Poplar Timber prices have been rising with spiral effect every day in north India
The rise in poplar prices will create biggest turnaround in 2019 hence increasing the cost of poplar plywood and shift towards alternate plywood.
Poplar is once again back on rising spree. There was a brief pause in poplar prices due to demand and supply mismatch during mid-November to mid-December but soon it is back to ascending root.
Haryana Forest Department has granted new licences for plywood, veneer, block board and door making units and released 1680 new licences last month.