Plywood import fear has been looming over overseas producers from Nepal and Vietnam, with the QCO on mandatory BIS on Plywood. As per report, the producers are looking to supply Core Veneer to Indian Plywood units, if the implementation dates remain the same. As per report, the number of Core Veneer Containers from Vietnam has increased to 25% in the month of January, and it has reached ports as well as factories located in Haryana and Punjab. A Haryana based plywood producer said that he has been using a good quantity of Vietnam core veneer, which is now cost effective due to less moisture content.
Vietnam based Core Veneer importers view that the quantity would improve in the near month, because the prices have eased compared to previous month, and once the plywood import will stop, it will go down further. The imported core veneers are helping plywood producers, because the timber prices were reported to control due to import, says a plywood producer. Port based Plywood units located in Gujarat, Tamilnadu has mostly shifted its production of imported core veneer and logs, as per industry reports.
Kandla, Vishakhapatanam, Cochin ports have received good volumes of logs from Brazil, Argentina, Urugway, Australlia etc for core veneering for the plywood sector. The Plywood industry views satisfaction over the quality of imported logs and core veneers.
Besides, there is a report of an increasing number of containers of core veneers from Nepal to Indian Plywood units in January month. Plywood Industry based in Uttar Pradesh, Bihar, Jharkhand has reported to increase volume of Nepal Borne Core Veneer. Sources say that if mandatory BIS has been implemented as per schedule deadline, the number core veneer containers from Nepal will increase in the coming month.