Guyana: Purpleheart Wood Logs Attract Favourable Prices
Guyana did not export any Greenheart logs in the period under review. However, some shipments of Purpleheart logs were made and the Guyana Forestry Commission reported that prices were at favourable levels. The maximum price for Standard Sawmill Quality Purpleheart logs for sale rose as high as US $ 385 per m3.
Purpleheart Fair Sawmill Quality wood logs were traded at a top price of US$300 per m3 while Small Sawmill Quality Purpleheart logs fetched US$ 270 per m3.
Mora log export prices remained unchanged from price levels reported earlier for all Sawmill log qualities.
Prices for Greenheart sawnwood (Undressed) rise
During the period under review average export prices for Greenheart Select sawnwood (Undressed) moved up from US $ 721 to US $ 1,145 per m3.
Analysts report that a significant sale of Grenheart Select sawnwood was made to buyers in the French West Indies at premium prices. On the other hand, Greenheart Sound sawnwood (Undressed) suffered a decline in export price from US $ 721 to US $ 604 per m3.
Sawn Purpleheart (Select, Undressed) export prices were favourable with the top price achieved was as high as US $ 1,062 per m3.
There were no exports of Mora sawnwood (Undressed) during the period but Mora sleepers were exported to the Caribbean market.
Prices for dressed sawnwood ended mixed
Over the past two weeks, Dressed Greenheart sawnwood export prices were firm at as much as US $ 1,272 per m3 up from the US $ 1,039 recorded previously reported.
However Dressed Purpleheart sawnwood export prices dipped from the high of US $ 1,081 per cubic metre to just US $ 1,065 per cubic metre in the period reviewed.
As always, Dressed Washiba (Ipe) enjoyed a satisfactory export price of US$2,500 per cubic metre.
Plywood and added value products fetch good prices
Plywood export prices were significantly higher in the latest round of shipments compared to the prices reported in the previous report earning as much as US $ 1,988 per cubic metre. The Caribbean and Central and South American destinations are the main markets.
Splitwood (Shingles) attracted good export price of US $ 795 per cubic metre while other value added products continue to contribute to Guyana's total timber export earnings.
Single block of 1.6 million hectares of forests verified legal
Barama Co. Ltd (BCL), a logging and wood products manufacturing company in Guyana, is one of the largest operational foreign companies in the country. At full production the company employs around 1000 workers.
BCL operates in a 1.6 million hectare concession. The company has worked to secure internationally recognised forest certification through an SFM model defined by the Edinburgh Centre for Tropical Forest which was subsequently refined into a Code of Practice for timber harvesting.
BCL has worked with the Tropical Forest Trust (TFT) to develop a Verified Legal Origin (VLO) system for their operations.
The Rainforest Alliance was contracted to develop a certification scheme for BCL and when this was completed an audit of the standards was undertaken for the company's up-stream and down-stream operations
BCL was successfully audited in July 2012 resulting in the issuance of the certificate in November 2012. As a result, BCL now claims to have the largest single block of VLO tropical forest in the world an achievement which will create opportunities for the company to increase its market share internationally and to promote verified legal timber from Guyana.
Purpleheart Fair Sawmill Quality wood logs were traded at a top price of US$300 per m3 while Small Sawmill Quality Purpleheart logs fetched US$ 270 per m3.
Mora log export prices remained unchanged from price levels reported earlier for all Sawmill log qualities.
Prices for Greenheart sawnwood (Undressed) rise
During the period under review average export prices for Greenheart Select sawnwood (Undressed) moved up from US $ 721 to US $ 1,145 per m3.
Analysts report that a significant sale of Grenheart Select sawnwood was made to buyers in the French West Indies at premium prices. On the other hand, Greenheart Sound sawnwood (Undressed) suffered a decline in export price from US $ 721 to US $ 604 per m3.
Sawn Purpleheart (Select, Undressed) export prices were favourable with the top price achieved was as high as US $ 1,062 per m3.
There were no exports of Mora sawnwood (Undressed) during the period but Mora sleepers were exported to the Caribbean market.
Prices for dressed sawnwood ended mixed
Over the past two weeks, Dressed Greenheart sawnwood export prices were firm at as much as US $ 1,272 per m3 up from the US $ 1,039 recorded previously reported.
However Dressed Purpleheart sawnwood export prices dipped from the high of US $ 1,081 per cubic metre to just US $ 1,065 per cubic metre in the period reviewed.
As always, Dressed Washiba (Ipe) enjoyed a satisfactory export price of US$2,500 per cubic metre.
Plywood and added value products fetch good prices
Plywood export prices were significantly higher in the latest round of shipments compared to the prices reported in the previous report earning as much as US $ 1,988 per cubic metre. The Caribbean and Central and South American destinations are the main markets.
Splitwood (Shingles) attracted good export price of US $ 795 per cubic metre while other value added products continue to contribute to Guyana's total timber export earnings.
Single block of 1.6 million hectares of forests verified legal
Barama Co. Ltd (BCL), a logging and wood products manufacturing company in Guyana, is one of the largest operational foreign companies in the country. At full production the company employs around 1000 workers.
BCL operates in a 1.6 million hectare concession. The company has worked to secure internationally recognised forest certification through an SFM model defined by the Edinburgh Centre for Tropical Forest which was subsequently refined into a Code of Practice for timber harvesting.
BCL has worked with the Tropical Forest Trust (TFT) to develop a Verified Legal Origin (VLO) system for their operations.
The Rainforest Alliance was contracted to develop a certification scheme for BCL and when this was completed an audit of the standards was undertaken for the company's up-stream and down-stream operations
BCL was successfully audited in July 2012 resulting in the issuance of the certificate in November 2012. As a result, BCL now claims to have the largest single block of VLO tropical forest in the world an achievement which will create opportunities for the company to increase its market share internationally and to promote verified legal timber from Guyana.
