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June 11, 2020
Sarawak logs and plywood losing market shares in Asia
Sarawak is gradually losing its logs and plywood market shares in key India and Japan markets as it could not compete with Indonesia and some other Asean timber producing countries. According to WTK HOLDINGS BHD, Indonesia and other Asean countries have competitive edge over Sarawak because of favourable policies and strong government support they have received. Production costs of logs and plywood products have escalated after the Sarawak government raised the premium of hill timber and logs of hill species from agro-conversion areas to RM50 from 80 sen per cu m ...
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