Sabah Imposes Logs Export Ban, India to Be Affected

Sabah, a state of Malaysia also known as the major source of hardwood logs to India, has announced to impose logs export ban with immediate effect. Although state says that the ban is temporary to ensure there is enough to meet domestic needs first. Shafie Apdal, newly sworn Chief Minister in the state, is reportedly in process of instructing the the state Forestry Department to immediately impose a ban on the export of logs from Sabah, however it is a temporary measure designed to safeguard the resources in Sabah. Speaking to reporters after being briefed by the Sabah Foundation, he said the ban would be in force until further notice. “The purpose of this ban is to ensure that logging activities are in direction of benefiting the state with better management ofresource wealth before it is exported,” he said.

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No Relief Indication in Phenol – Formalin Prices in January

Wood panel and decorative laminates industry has to bear the cost of high phenol and formaldehyde prices in a month because sources confirm that there is no relief in prices in January as well. The chemical importers indicated the prices of phenol will maintain its same price level of December last month till mid of February 2018. Importers reasoned that the inventory at Indian ports are very low, which is supposed to fill by first week of February then the prices are expected to soften although they anticipate that it will not come down below 90 levels till March.

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