KL seeks RI's help to support plywood price<\/p>\n
KUALA LUMPUR (AFP): Malaysia's top resources official
\nyesterday looked at Indonesia for help in stabilizing the price
\nof plywood following a sharp fall in revenue from the commodity.<\/p>\n
\"As the world's largest exporters of plywood and tropical
\ntimber products, Indonesia and Malaysia should step up
\ncooperation in marketing to prevent ourselves from being dictated
\n(upon) and divided by the buyers,\" Primary Industries Minister
\nLim Keng Yaik said.<\/p>\n
Lim, addressing a forestry meeting between the two nations at
\nnorthern Malaysia's Langkawi Island, said plywood importers in
\nthe region were benefiting from drastic price falls in the
\ncommodity at the expense of exporters.<\/p>\n
\"Gone are the days during a good part of last year when prices
\nfor plywood made significant gains much to the benefit of our
\nexporters and national economies,\" Lim said in a speech made
\navailable to AFP in Kuala Lumpur.<\/p>\n
Indonesian forestry minister Djamaludin Suryohadikusumo
\nrepresented Jakarta at the meeting.<\/p>\n
Plywood exporters here had claimed in August that their
\nIndonesian counterparts were responsible for the poor price
\nfetched by the commodity as they had unilaterally slashed prices
\nto undercut Malaysian markets.<\/p>\n
Malaysian producers said prices of exported plywood to China
\n-- Kuala Lumpur's main plywood market -- fell by 27 percent in
\nJuly from a high of US$600 per cubic metre to $440 after a price
\nslash by the Indonesian Plywood Association.<\/p>\n
Indonesian exporters also caused prices of plywood shipped to
\nthe European Union -- another important Malaysian market -- to
\nfall by 16 percent in July, exporters here said.<\/p>\n
Lim, who avoided commenting on the rift between exporters of
\nthe two countries, said both Malaysia and Indonesia could resolve
\nthe price problem by exchanging relevant information and
\nunderstanding markets and supply management.<\/p>",
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"sponsor": "Okusi Associates",
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