Tight supplies, firm US$ boost log prices


Timber lorries parked by the roadside at Jalan Melikin in Balai Ringin, about 100km from Kuching. According to villagers, the lorries have been there since the start of an enforcement crackdown against illegal logging three weeks ago. - ZULAZHAR SHEBLEE / The Star

KUCHING: Rising tropical log prices have furthered boosted the coffers of Sarawak’s listed timber companies.

The firmer log prices in the export market in first quarter this year were attributed to the tight supply situation and a stronger US dollar.

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