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January 13, 2021

India: Log and lumber import market uncertain

Sentiment from log buyers in Kandla is turning negative, with reports of four vessels to load from Uruguay, one from Argentina, two from New Zealand and one from Australia. This is a total of eight ships during December for arrival in Kandla in January. Some of the vessels may yet be diverted to China.
Uruguay logs were sold around 128 USD and New Zealand logs around 136 USD CFR Kandla for A grade logs.

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