world news - 02.04.2003

Teak prices tending down

The average price for assorted quality teak logs during March was US$846 per hoppus ton compared to US$876 last month. Actual prices ranged between US$716 and US$1133 per ton. Analysts suspect that prices may be tending down due to the uncertain global situation and probable increases in freight costs.

IHB Internationale Holzboerse GmbH

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