Indonesia: Fear of cheap imports

The Indonesian Furniture Producers Association has welcomed the government's reaction to its request for consideration to be given to delaying the full implementation of the FTA with China amid fears that hundreds of thousands of Indonesian workers in the wood processing sector could lose their jobs.

According to the Association, cheap furniture imports from China could overwhelm local manufacturers. They quote an example where a computer table made locally from particleboard sells for about US$65 while an imported Chinese made table of similar material could sell for about US$45. The Association added that the FTA between ASEAN and China could result in huge job losses at major Indonesian furniture manufacturers.

Debt for nature
The US embassy in Jakarta announced the official start of negotiations between the US and Indonesia for the second debt-for-nature agreement under the US Tropical Forest Conservation Act (TFCA) which finances tropical forest conservation. According to a US Embassy press release, the TFCA authorises the reduction, as well as, the re-scheduling of certain foreign debts to support tropical forest conservation in eligible development countries, such as Indonesia.

The US Treasury Department has allocated a provision of over US$19 million for the realignment of eligible foreign debts. The first TFCA agreement between the US and Indonesia was, signed on June 30, 2009. It reduced Indonesia’s debt payments to the US by nearly US$30 million over an eight year period.

The agreement was the largest debt-for-nature swap under the TFCA, made possible both through the contributions of US$20 million by the US federal government and a US$2 million by Conservation International and the Indonesian Biodiversity Foundation (KEHATI). Up to 13 countries have reportedly entered into a debt-fornature agreement under the TFCA with the US to date.

Indonesia Log Prices

Indonesia Log Prices
Indonesia logs, domestic prices		US$ per m³
Plywood logs	Face Logs	187-230
Plywood logs	Core logs	169-202
Sawlogs (Meranti)		178-239
Falcata logs		147-181
Rubberwood		51-75 ⇑
Pine		160-199
Mahoni (plantation mahogany)		468-495

Indonesia Sawnwood Prices
Indonesia, construction material, domestic		US$ per m³
Kampar (Ex-mill)	AD 3x12-15x400cm	176-195 ⇑
	KD	198-232 ⇑
	AD 3x20x400cm	219-242 ⇑
	KD	223-250 ⇑
Keruing (Ex-mill)	AD 3x12-15x400cm	234-248 ⇑
	AD 2x20x400cm	221-239 ⇑
	AD 3x30x400cm	204-223 ⇑

Indonesia Plywood Prices
Indonesia ply MR BB/CC, FOB		US$ per m³
2.7mm		392-449
3mm		349-390
6mm		328-370
*MR Plywood (Jakarta), domestic*
9mm		250-261
12mm		242-252
15mm		231-245

Other Indonesia Panel Prices
Indonesia, Other Panels, FOB		US$ per m³
Particleboard	Export 9-18mm	215-224
	Domestic 9mm	191-203
	12-15mm	185-196 ⇑
	18mm	175-187 ⇑
MDF	Export 12-18mm	249-262 ⇑
MDF	Domestic 12-18mm	231-242 ⇑

Indonesia Added Value Product Prices
Indonesia, Mouldings, FOB		US$ per m³
Laminated Boards Falcata wood		297-309
Red Meranti Mouldings 11x68/92mm x 7ft up
	Grade A	484-518
	Grade B	440-461

Indonesia: Fear of cheap imports

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