Recently, the prices of Chinese local poplar and local white color hardwood veneers / logs have decreased by about 8%. The prices of pink or red color hardwood core veneers have decreased by about 4% . While the prices of hardwood face/back veneers have not decreased noticeably. Because of the reduction of wood prices, plywood prices have decreased accordingly .

China has increased Export Tax Refund(Exemption) Rates for plywood, film faced plywood from 5% to 9% . The new policy will take effect from December 01, 2008 . The prices of Chinese plywood, film faced plywood will decrease by about 3~4% of FOB price from Dec. 01, 2008 because of this new policy . This will act as a stimulant to the growth of plywood industry.

Following Russia, Guyana announced increase of export tariff on log . By 2010, Guyana’s export tariff on log will be increased from 2% to 7% and then 10% . In 2011, export tariff on log will increase to 12% . Like Russia, Guyana wants to reduce log (primary products) export , lower prices of log on local market and encourage domestic deep wood processing .