Wood export deals pass 2010 mark
17/04/2011 25
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Vietnamese wooden products exporters have already signed contracts worth US$3.4 billion this year, or equivalent to the exports during the whole of last year, according to the Vietnam Timber and Forest Product Association.
Most of the deals are for shipments in the second and third quarters, with more orders expected to be received, it said.
But the industry is struggling with higher costs of rubber wood, packaging, and labor.
At the end of last year the price of rubber wood, the main raw material, rose sharply due to a nearly 50 percent rise in latex prices.
Farms that had been planning to cut down rubber trees for wood decided against it as the latex prices soared, leading to a shortage of wood.
In January the Association forecast the year’s exports to top $4 billion, a 17 percent rise over 2010.
April 13th, 2011
Source: vneconomynews.com
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