Peru's forest product exports have the potential to grow to as much as US$5 bil. in 10 years because of the positive impact of the new National Forestry Policy and Wildlife (PNFFS) according to the Ministry of Agriculture and Irrigation.
The ministry spokesperson stressed that at present wood product exports contribute just 1% to GDP but this can change as the sector will benefit from the sound legal framework provided by the new forest policy.
Draft regulations for forest policy ready for discussion
Forestry Law would take effect in March 2014 and consultation would be September. The Forest Act and Wildlife will apply from the second quarter of 2014 said the Ministry of Agriculture and Irrigation (MINAGRI).
The Minister of Agriculture and Irrigation, Milton von Hesse, explained that the first draft of the regulations in the Act have been drafted and will now be discussed with stakeholders.
The minister reiterated that the new National Forestry Policy and Wildlife Act is just one step towards a comprehensive plan to promote the sustainable use of the country’s natural resources.
Central Reserve Bank of Peru intervenes to support Nuevo Sol
The sol/dollar exchange rate has been very volatile over the past weeks. On August 6 the average selling price of the dollar was Nuevo Sol 2.796 per dollar. 10
A press release from the Central Reserve Bank of Peru (BCRP) says that the bank intervened in the foreign exchange market selling US$190 mil. in an effort to support the sol.
Strong US economic growth in the second quarter strengthened the dollar and local banks were big buyers as they sought to improve their positions.
After appreciating to historically high levels in 2012, the Nuevo Sol has weakened more than 9.5 percent so far this year.
Export Sawnwood Prices | |
Peru Sawnwood, FOB Callao Port | US$ per m³ |
Mahogany S&B KD 16%, 1-2'' random lengths (US market) |
1570-1655
|
Spanish Cedar KD select | |
North American market
|
958-977
|
Mexican market
|
946-965
|
Pumaquiro 25-50mm AD Mexican market |
545-598
|
Peru Sawnwood, FOB Callao Port (cont.) |
US$ per m³
|
Virola 1-2" thick, length 6'-8' KD | |
Grade 1, Mexican market
|
428-487
|
Grade 2, Mexican market
|
358-404
|
Cumaru 4" thick, 6'-11' length KD | |
Central American market
|
834-849
|
Asian market
|
811-893▲ |
Ishpingo (oak) 2" thick, 6'-8' length | |
Spanish market
|
509-549
|
Dominican Republic
|
572-589
|
Marupa (simarouba) 1", 6-11 length Asian market |
392-451
|
Peru Sawnwood, FOB Iquitos |
US$ per m³
|
Spanish Cedar AD Select Mexican market |
887-909
|
Virola 1-2" thick, length 6'-13' KD | |
Grade 1, Mexican market
|
429-467
|
Grade 2, Mexican market
|
332-377
|
Grade 3, Mexican market
|
161-176
|
Marupa (simarouba) 1", 6-13 length KD | |
Grade 1, Mexican market
|
314-341
|
Domestic Sawnwood Prices |
US$ per m³
|
Mahogany |
867-911
|
Virola |
92-134
|
Spanish Cedar |
264-305
|
Marupa (simarouba) |
83-99
|
Export Veneer Prices | |
Veneer FOB Callao port |
US$ per m³ |
Lupuna 3/Btr 2.5mm |
198-223
|
Lupuna 2/Btr 4.2mm |
212-222
|
Lupuna 3/Btr 1.5mm |
211-221
|
Export Plywood Prices | |
Peru plywood, FOB Callao (Mexican Market) | US$ per m³ |
Copaiba, 2 faces sanded, B/C, 15 x 4 x 8mm |
318-347
|
Virola, 2 faces sanded, B/C, 5.2 x 4 x 8mm |
412-420
|
Cedar fissilis, 2 faces sanded 4 x 8 x 5.5mm |
759-770
|
Lupuna, treated, 2 faces sanded, 5.2 x 4 x 8mm |
363-385
|
Lupuna plywood B/C 15 x 4 x 8mm |
380-408
|
B/C 9 x 4 x 8mm |
345-350
|
B/C 12 x 4 x 8mm |
356-377
|
B/C 8 x 4 x 15mm |
416-439
|
C/C 4 x 8 x 4mm |
389-425
|
Lupuna plywood B/C 8 x 4 x 4mm Central Am. |
370-393
|
Domestic Plywood Prices | |
Lupuna Plywood, BB/CC, domestic | US$ per m³ |
(Iquitos mills) | |
122 x 244 x 4mm | 444 |
122 x 244 x 6mm | 397 |
122 x 244 x 8mm | 415 |
122 x 244 x 12mm | 399 |
(Pucallpa mills) | |
122 x 244 x 4mm | 463 |
122 x 244 x 6m | 439 |
122 x 244 x 8mm | 430 |
122 x 244 x 12mm | 429 |
Domestic Prices for Other Panel Products | |
Peru, Domestic Particleboard | US$ per m³ |
1.83m x 2.44m x 4mm | 282 |
1.83m x 2.44m x 6mm | 230 |
1.83m x 2.44m x 12mm | 204 |
Export Prices for Added Value Products | |
Peru, strips for parquet | US$ per m³ |
Cabreuva/estoraque KD12% S4S, Asian Market | 1287-1388 |
Cumaru KD, S4S Swedish market | 866-981 |
Asian market | 1289-1350 |
Cumaru decking, AD, S4S, E4S, US market | 1210-1298 |
Pumaquiro KD #1, C&B, Mexican market | 423-511 |
Quinila KD, S4S 2 x 10 x 62cm, Asian market | 493-519 |
2 x 13 x 75cm, Asian market | 732-815 |