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There has been 30% increase in timber prices and wood demand in last couple of weeks. Manufacturing industry of wood panels specially Plywood and Boards have no choice but to pass on the cost of raw materials to the markets. Main reasons behind this
The return of Lockdown in name of Corona Curfew due to the second wave of increasing covid cases might be detailing the momentum of wood panel products demand.
MDF board is the fastest growing wood panel products in India scene. Be it manufacturing capacity or demand growth, MDF has expanded and penetrated its presence in every region.
The market for plywood and panel products is becoming fierce and throat cutting as reported by Ply Reporter correspondents from across the country.
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Currently by procuring manufactured products from Haryana and Assam he is active in trading in this region. They are flourishing very well with many associates and leaders in this industry.
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The plywood and laminate industry is set to witness big change in 2018 when Cheque payments will be preferred over cash. The year is anticipated to be the reckoning of organized distribution and “Cheque is King” era.
GST council decided to lower the GST slab on plywood from 28 to 18 % resulting in the brands passing on the tax gain to consumers. For the end consumer now the plywood has become cheaper because the retailers..
The plywood industry & trade was desperately waiting for GST reduction from 28 to 18 on the occasion of 21st GST council meeting that took place in Hyderabad on 9th September. But no mention of any such outcome dashed all hopes for cheaper availabili