Double whammy for plywood exporters

Malaysia’s plywood exports to Japan was down to 399,500 cubic metres in 1H20 from 462,200 cubic metres in 1H19 or decline by about 13.5%, according to Japan Finance Ministry’s data.(Malaysian plywood being tested before export. - File pic)

KUCHING: Malaysian plywood manufacturers’ exports of panel products to their key market in Japan have been hit hard by the drastic cut in imports by the Japanese buyers.

Adding to the weak export demand is the soft prices of plywood products which have hurt the bottom line of Malaysian suppliers.

Subscribe now to our Premium Plan for an ad-free and unlimited reading experience!


Next In Business News

PETRONAS Chemicals remains cautious over outlook
Bursa fails to rally despite jump in regional optimism
Malaysia's producer price index eases to -3% in April 2023
PETRONAS denies speculation on merger between MHB, Sapura Energy
What's in the debt ceiling deal struck by Biden and McCarthy?
PRGN names Andy See Teong Leng as president
Ringgit weakens against greenback as US politicians agree to raise debt ceiling
Cloudpoint's share price nearly doubles on ACE Market debut
Foreigners remain net sellers on Bursa for fifth straight week
Bursa poised for rebound from oversold territory

Others Also Read