Kandla based Plywood manufacturing units have decided to increase prices of 8 % on plywood and 10% on Block Boards & Flush Doors. A meeting of Kandla based Plywood and Veneer Industries held at Timber Bhawan, Kandla and they discussed the situation arising due high prices of imported timber such as Pine, Keruing and Face Veneer along with other issues related to plywood and veneer industries. The members suggested increasing the prices of finished goods with immediate effect due to high input cost.
Mr Navnit Gajjar, President of Kandla Timber Association said that there is a high jump noted in prices of imported timber due to container freight rates. There is a shortage of labour also due to State Election in Assam and West Bengal, along with holi festival and harvesting season in Bihar and UP.
KTA has also decided to sell their finished goods on an advance payment basis because they have been buying their raw materials on an advance cash system.