Malaysia — Malaysian loggers say Japan’s recovery from last week’s devastating earthquake and tsunami will boost demand for rainforest timber, reports the Borneo Post. AmResearch, an investment research firm based in Kuala Lampur, Malaysia, said logging companies that export plywood to Japan are poised to benefit from reconstruction.
“We have contacted timber players, who are also unsure of the extent of damage stemming from the latest earthquake and the aftershocks,” AmResearch is quoted as saying.
“One timber player rules out a ’30-40 per cent jump in exports’ to Japan which mostly buys plywood from Malaysia but expects a probable steady rise in demand from Japan to help in the reconstruction process, depending on the extent of the damage to buildings.”
AmResearch told the Borneo Post Japan accounted for 46 percent of Sarawak’s total wood panel exports by volume from Jan 2010-Nov 2010.