December 16, 2014
Japan: Wood imports costs higher due to the depreciation of the yen
The recent rapid and significant depreciation of the yen since late October pushes cost of all the imported commodity sharply. North American Douglas fir log prices for November shipment are US$ 20 per M Scribner up FAS., making IS sort prices of US$ 870. An increase in FAS dollar prices plus weak yen will make arrived yen cost much higher, which will impact Douglas fir lumber prices in Japan. Export prices of South Sea hardwood plywood remain unchanged but recent higher FOB prices with exchange rate of about 115 yen per dollar ...
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