The timber sector appears to be heading towards a boom that could last several years with prices of logs and plywood set to remain stable, given strong demand from China, India and Japan.
Analysts contacted by StarBiz have an “overweight” on the outlook for the sector, which is continuing to enjoy rising prices as the recovery in Japan's economy leads to a pick-up in housing development there and China sources for huge amounts of tropical and softwood logs from elsewhere in the face of a supply crunch in Indonesia.
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