School of Agriculture, Food and Ecosystem Sciences - Research Publications
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ItemTimber Trading and Pricing of Plantation Grown Teak (Tectona grandis Linn.F) in Laos(SPRINGER, 2021-12)The market demand and price of teak in Laos vary broadly and depend on several factors. The aim of this study was to assess timber trading and pricing based on a survey of teak buyers. The research investigated teak trading methods, markets and prices paid for particular timber types and quality grades. Three types of teak timber are commonly sold: 24.7% as standing trees, 39.6% as round logs and 35.7% as square logs. The main wood products produced from plantation teak include joinery products, door and window frames, and furniture (57.9%, 26.3% and 15.8% respectively). The end buyers of teak timber in Laos are sawmillers and wood manufacturer. Teak timbers supplied to end buyers from growers via the local traders account for 49.0%, followed by 41.3% by direct supply from teak growers and 9.7% via the local small sawmillers and wood manufacturers. The price of teak timber varies significantly based on four main factors: timber types, log sizes, log quality (grades) and distance from plantation site to road (for standing trees). The round log price of 250US$/m3, based on both log diameter size (D26-30 cm) and log quality grade (A grade), was much lower than the 321US$/m3 amount paid for the same size of round log (D26-30 cm) based on log diameter alone (no grading price). It can be concluded that there is a need to develop a clear system or standard for teak log grading and pricing in Laos.