Plywood prices on uptrend

Going up: Ta Ann expects higher demand for its plywood products.

KUCHING: Japanese companies are paying more for imported tropical plywood products, including those from Malaysia, due to strong demand and falling inventories.

The Japanese market has reported tight supply of south sea (tropical) plywood as shipments of ordered plywood from Malaysia and Indonesia have been largely delayed by log supply shortage in these countries, according to the Japan Lumber Reports (JLR).