Teaknet (International Teak Information Network http://www.teaknet.org/) recently held an international workshop on Production and Marketing of Teak with support from FAO, the Asia Pacific Association of Forestry Research Institutions, Kerala Forest Research Institute and the Indian Ministry of Environment and Forests. Papers were presented on ‘Transforming the Teak sector’; Teak Forest Certification, Prospects and Problems of Teak in Bangladesh and Organizing markets for Teakwood under a commodity futures system.

Issues in the international trading of teakwood were discussed by Mr.R.T.Somaiya of the Timber Importers Association of India, Global trends in production of Teakwood plus several interesting papers on the silvicultural aspects and disease control in teak plantations were presented. A final report will be produced by the Teaknet co-coordinator Dr.K.Jayaraman.

Teaknet not only focuses on the Asia pacific region but is now truly international with members from 38 countries around the world which are growing teak.Three new members were added to the steering committee; Mr.Ramon Carrillo, ITTO; Mr.Walter Kollert,FAO and Mr. Lars Graudal from Denmark who was also elected as the new Chairman of the Teaknet Steering Committee.

The current market price for Teak logs at the Indian auction is as follows:

Teak Logs

Grade       Rs. Per Cubic Metre

Grade 1 B                128,940
Grade 1 C                 75,244
Grade 11 B               93.046
Grade 11 C               53,667
Grade 111 A            72,905
Grade 111 B             58,644

India Sawnwood Prices (domestic)

Sawnwood (Ex-mill) Myanmar Teak (AD)                 

Plantation Teak A grade            Rs. 2000-3600 Per C.ft
Plantation Teak B grade            Rs. 1800-3000 Per C.ft
Plantation Teak C grade            Rs. 1250-1500 Per C.ft