Wood export deals pass 2010 mark

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 % 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 % rise over 2010. – Tuoitre

Tags: Vietnam wood exports

Posted by VBN on Apr 13 2011. Filed under Import-Export, Import-Export turnover. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry